Banded Brothers

Analysis

Banded Brothers is a registered charity in United States, based in Fuquay Varina, NC. It received its IRS tax-exemption ruling in February 2007, 19 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, Banded Brothers reported income of $228k and spending of $101k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $228k (+111%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Banded Brothers sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Youth Full Maine ($228k), Cedar County Senior Citizens Inc ($228k) and Sunshine Corner Day Care Center ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 24% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.