Braveco

Analysis

Braveco is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Braveco reported income of $316k and spending of $305k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $430k to $316k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Braveco sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Faith & Philanthropy Institute ($316k), Purification Heritage Center Inc ($316k) and Lutheran Homes of Oconomowoc Charitable Foundation Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $63k (21% of expenses). Other salaries and wages came to $11k. At year end it held assets of $70k against liabilities of -$2,793, net assets of $73k. It reported 2 employees.