Brainery Bits

Analysis

Brainery Bits is a registered charity in United States, based in Harbor City, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Brainery Bits reported income of $87k and spending of $59k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $87k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brainery Bits sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Scholarship Opportunities for Success ($87k), D & F Charity Trust ($87k) and Pilot Point Educational Foundation Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.