Home of the Brave Foundation

Analysis

Home of the Brave Foundation is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 2021, Home of the Brave Foundation reported income of $1.3m and spending of $723k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $592k to $1.3m (+118%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home of the Brave Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include White Plains Childrens Center Inc ($1.3m), Plast Ukrainian Scouting Organization USA ($1.3m) and Asbury Woods Partnership ($1.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $466k (64% of expenses). At year end it held assets of $1.5m against liabilities of $190k, net assets of $1.3m. It reported 16 employees.