Bregman Cares Inc

Analysis

Bregman Cares Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bregman Cares Inc reported income of $140k and spending of $100k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $243k to $140k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bregman Cares Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include St Isidore Society of St Vincent de Paul ($140k), The Chardi Kalaa Foundation ($140k) and Saving Jane Inc ($140k).

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 $66k (66% of expenses). At year end it held assets of $46k against liabilities of $1,000, net assets of $45k. It reported 1 employees.