Brain Box Literacy Academy and Educational Services Inc

Analysis

Brain Box Literacy Academy and Educational Services Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 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 2022, Brain Box Literacy Academy and Educational Services Inc reported income of $1.1m and spending of $644k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $426k to $1.1m (+153%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brain Box Literacy Academy and Educational Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Every Shelter Inc ($1.1m), Braination Foundation ($1.1m) and Fabnewport ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $140k (22% of expenses). Other salaries and wages came to $180k. At year end it held assets of $1.5m against liabilities of $500k, net assets of $1.0m. It reported 13 employees.