512 Brothers & Sisters

Analysis

512 Brothers & Sisters is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 512 Brothers & Sisters reported income of $140k and spending of $134k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $140k (+456%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 227%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 512 Brothers & Sisters sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Kevin W Donovan Foundation Inc ($140k), Comprehensive Therapeutic Services Inc ($140k) and Womens Enews Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,411 against liabilities of $0, net assets of $8,411.