Ken and Mabel Brace Foundation Inc

Analysis

Ken and Mabel Brace Foundation Inc is a registered charity in United States, based in Norfolk, MA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ken and Mabel Brace Foundation Inc reported income of $89k and spending of $115k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $89k (-8.7%), an average of -8.7% a year. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ken and Mabel Brace Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Mother Outcry International Ministry Inc ($89k), Church of the Heavens Saints Intl ($89k) and Bible Again Ministry ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.