Braveheart Properties of Brevard

Analysis

Braveheart Properties of Brevard is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Braveheart Properties of Brevard reported income of $1.4m and spending of $796k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $113k to $1.4m (+1161%), an average of +88% a year. The sharpest change came in the year to June 2022, when income rose by 284%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Braveheart Properties of Brevard sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include A C T Affordable Housing Inc ($1.4m), Clearer Vision ($1.4m) and Northwest Pennsylvania Weatherization Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $71k (8.9% of expenses). At year end it held assets of $1.9m against liabilities of $1.4m, net assets of $571k.