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Love Your Brain Foundation Inc

RegisteredEIN 47-1189803Windsor, VTPoverty relief
Income$1.1m2024-06
Spending$896ksame year
Spent / received86%5-year average
Size in its cause77th pctPoverty relief
Exempt since2014Publicly supported organisat
Employees11latest return

Analysis

Love Your Brain Foundation Inc is a registered charity in United States, based in Windsor, VT. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Love Your Brain Foundation Inc reported income of $1.1m and spending of $896k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $857k to $1.1m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Your Brain Foundation Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within VT. Charities of a similar size with the same main cause include FQHC Health Network Inc NFP ($1.1m), Make-A-Wish Foundation of the Rio Grande Valley ($1.1m) and Positive Connection Care Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $95k (11% of expenses). Other salaries and wages came to $423k. At year end it held assets of $2.2m against liabilities of $145k, net assets of $2.0m. It reported 11 employees.

Income and spending

$0$282k$563k$845k$1.1m2020 Income: $857,0082020 Spending: $766,90120202021 Income: $988,8452021 Spending: $708,38520212022 Income: $930,6212022 Spending: $856,20020222023 Income: $929,3512023 Spending: $917,39220232024 Income: $1,126,2382024 Spending: $896,0112024
IncomeSpending

Where the income comes from

  • Contributions & grants 80%
  • Program services 12%
  • Other 7.5%

Similar-sized charities, same cause

CharityLocationIncome
FQHC Health Network Inc NFPVirginia$1.1m
Make-A-Wish Foundation of the Rio Grande ValleyMcAllen$1.1m
Positive Connection Care IncGreensboro$1.1m
The Refugee CollectiveAustin$1.1m