Ourbrainbank Inc

Analysis

Ourbrainbank Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 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 (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, Ourbrainbank Inc reported income of $258k and spending of $230k, spending 89% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $273k to $258k (-5.5%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ourbrainbank Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Barton Memorial Hospital Foundation ($258k), Agape House of Northwest Tennessee ($258k) and Brodstone Memorial Hospital Foundation ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $113k (49% of expenses). At year end it held assets of $376k against liabilities of $29, net assets of $376k. It reported 1 employees.