Many Brains Project Inc

Analysis

Many Brains Project Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 March 2023, Many Brains Project Inc reported income of $740k and spending of $540k, leaving 27% of income unspent that year. Across the 3 years on record, from March 2021 to March 2023, income grew from $239k to $740k (+210%), an average of +76% a year. The sharpest change came in the year to March 2023, when income rose by 112%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Many Brains Project Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Amherst Early Music Inc ($740k), Nisaa African Family Services ($740k) and Visionaries and Voices ($739k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $380k. At year end it held assets of $520k against liabilities of $154k, net assets of $365k. It reported 3 employees.