Brave the Shave

Analysis

Brave the Shave is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Brave the Shave reported income of $209k and spending of $168k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $492k to $209k (-57%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brave the Shave sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ND. Charities of a similar size with the same main cause include MN Lions Childhood Cancer Foundation Inc ($209k), Chillin with Adam the Adam Gaynes Foundation Inc ($209k) and Kathleen Sutton Inspirational Fund ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 147% of the total. At year end it held assets of $271k against liabilities of $0, net assets of $271k.