Braination Inc

Analysis

Braination Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Braination Inc reported income of $13.5m and spending of $14.7m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $18.6m to $13.5m (-27%), an average of -7.7% a year. The sharpest change came in the year to August 2022, when income dropped by 19%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Braination Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Brooklyn Excelsior Charter School ($13.5m), Luria Academy of Brooklyn ($13.5m) and Oakland Promise ($13.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $655k (4.5% of expenses). At year end it held assets of $30.5m against liabilities of $10.8m, net assets of $19.7m. It reported 181 employees.