Brave Like Gabe Foundation

Analysis

Brave Like Gabe Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2019, 7 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, Brave Like Gabe Foundation reported income of $507k and spending of $637k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $507k (-62%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brave Like Gabe Foundation 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 70th percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Bridges to Health Inc ($507k), Wiraqocha Foundation for the Preservation of Indigenous Wisdom ($507k) and International Community Healthservices Foundation ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $103k (16% of expenses). Other salaries and wages came to $62k. At year end it held assets of $1.1m against liabilities of $421k, net assets of $657k. It reported 2 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.