Good Brotha Inc

Analysis

Good Brotha Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 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, Good Brotha Inc reported income of $51k and spending of $25k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,400 to $51k (+583%), an average of +583% a year. The sharpest change came in the year to December 2023, when income rose by 583%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Brotha Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Aware Texas Inc ($51k), Bates Place Ministry ($51k) and Giving Doll ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.