Brave the Shave

Analysis

Brave the Shave is a registered charity in United States, based in Byron Center, MI. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Brave the Shave reported income of $131k and spending of $68k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $131k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brave the Shave sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Buckeye Clinic in South Sudan ($131k), Sweet Dreams Foundation ($131k) and Auxiliary to the National Medical Association Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.