Brave Enough to Fail Inc

Analysis

Brave Enough to Fail Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Brave Enough to Fail Inc reported income of $64k and spending of $97k, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $64k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brave Enough to Fail Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Perkiomen Valley High School Music Boosters ($64k), Cooper Middle School PTO ($64k) and Haralson County Touchdown Club Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $32k, net assets of $8,320.