Brews for the Brave Inc

Analysis

Brews for the Brave Inc is a registered charity in United States, based in Kitty Hawk, NC. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2022, Brews for the Brave Inc reported income of $155k and spending of $155k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $273k to $155k (-43%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brews for the Brave Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Fountain City Recreation Commission Inc ($155k), Tri County Soccer Association ($155k) and Lady Dragon Lacrosse Association ($155k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 84% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.