Bravo Waukegan

Analysis

Bravo Waukegan is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, 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 December 2023, Bravo Waukegan reported income of $165k and spending of $166k, spending 101% of its income. Across the 3 years on record, from July 2019 to December 2023, income fell from $199k to $165k (-17%), an average of -9.1% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bravo Waukegan sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include George & Leah McKenna Museum of African American Art ($165k), Chinese Language Teachers Association Inc ($165k) and Brighton Cultural Arts Connection ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 0.6% of the total. At year end it held assets of $127k against liabilities of $258, net assets of $127k.