Institute for Brain Potential

Analysis

Institute for Brain Potential is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Institute for Brain Potential reported income of $6.4m and spending of $9.4m, spending 146% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $8.0m to $6.4m (-20%), an average of -5.5% a year. The sharpest change came in the year to April 2021, when income dropped by 50%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Brain Potential sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Arts Academy Charter School Inc ($6.4m), Friends of McHenry County College Foundation ($6.4m) and Peckham Community Partnership Foundation ($6.4m).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $497k (5.3% of expenses). At year end it held assets of $5.5m against liabilities of $180k, net assets of $5.3m. It reported 46 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.