Brewable Inc

Analysis

Brewable Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Brewable Inc reported income of $274k and spending of $316k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $274k (+154%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brewable Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Progeny Start Ups Inc ($274k), Greater Texas Capital Community Finance ($274k) and Yadkin County Economic Development Partnership ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Other salaries and wages came to $122k. At year end it held assets of $103k against liabilities of $80k, net assets of $24k. It reported 21 employees.