All Brains Belong VT Inc

Analysis

All Brains Belong VT Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, All Brains Belong VT Inc reported income of $791k and spending of $713k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $493k to $791k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, All Brains Belong VT Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within VT. Charities of a similar size with the same main cause include New Horizons Adult Day Services Inc ($791k), Trinity Restoration Inc ($791k) and American Lebanese Cultural Center Inc ($791k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $156k (22% of expenses). Other salaries and wages came to $363k. At year end it held assets of $404k against liabilities of $72k, net assets of $332k. It reported 7 employees.