Brotherhood Academy Corporation

Analysis

Brotherhood Academy Corporation is a registered charity in United States, based in Salado, TX. It received its IRS tax-exemption ruling in March 2023, 3 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, Brotherhood Academy Corporation reported income of $53k and spending of $425k, spending 795% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.8m to $53k (-97%), an average of -97% a year. The sharpest change came in the year to December 2023, when income dropped by 97%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brotherhood Academy Corporation sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Sovereign Order of St John Jerusalem Knights HSP Military Hos ($53k), Nicholasville Firefighters Toydrive ($53k) and Wrights Compassionate Care Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $52k (12% of expenses). Other salaries and wages came to $190k. At year end it held assets of $1.5m against liabilities of $2.0m, net assets of -$529k. It reported 1 employees.