Brothers Project

Analysis

Brothers Project is a registered charity in United States, based in Islamorada, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Brothers Project reported income of $94k and spending of $81k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42k to $94k (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 1638%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brothers Project 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 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Csh2o Charitable Foundation Corporation ($94k), Alamo Heights Optimist Inc ($94k) and Catholic Connect Foundation ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% of the total. At year end it held assets of $63k against liabilities of $19, net assets of $63k.