Brilliance Labs

Analysis

Brilliance Labs is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Brilliance Labs reported income of $185k and spending of $138k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $3.3m to $185k (-94%), an average of -94% a year. The sharpest change came in the year to June 2023, when income dropped by 94%. Over the whole period it spent 6.8% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brilliance Labs sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OR. Charities of a similar size with the same main cause include Center for Participatory Change Inc ($185k), River City Youth ($185k) and Ashe County Job Development Inc ($185k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% of the total. Compensation of current officers, directors and key employees was $57k (41% of expenses). At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 1 employees.