Brave Space Alliance

Analysis

Brave Space Alliance is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 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, Brave Space Alliance reported income of $1.9m and spending of $2.5m, spending 128% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.8m to $1.9m (-32%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brave Space Alliance sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Family and Childrens Service of the Capital Region Inc ($1.9m), Milwaukee Urban League ($1.9m) and Chatham PTA Thrift Shop Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $77k (3.1% of expenses). Other salaries and wages came to $775k. At year end it held assets of $3.6m against liabilities of $35k, net assets of $3.6m. It reported 30 employees.