Brads House

Analysis

Brads House is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Brads House reported income of $278k and spending of $309k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $167k to $278k (+67%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brads House sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Giving in Kindness in Arkansas Inc ($278k), Smokin on the Rio Inc ($278k) and Artisan Cheese Festival ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.

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.