Brain Injury Association of NC

Analysis

Brain Injury Association of NC is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1983, 43 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 2022, Brain Injury Association of NC reported income of $657k and spending of $675k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $696k to $657k (-5.6%), an average of -1.9% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brain Injury Association of NC sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Klamath Kid Center Inc ($657k), KFHPW Holdings ($657k) and Mixed Blood Theatre Company ($657k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $153k (23% of expenses). Other salaries and wages came to $274k. At year end it held assets of $341k against liabilities of $120k, net assets of $221k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.