Brave Ready Inc

Analysis

Brave Ready Inc is a registered charity in United States, based in Bulverde, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 March 2024, Brave Ready Inc reported income of $365k and spending of $365k, spending 100% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $158k to $365k (+131%), an average of +131% a year. The sharpest change came in the year to March 2024, when income rose by 131%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brave Ready Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Friends of the Oudolf Garden ($365k), Riding Centre Association ($365k) and Medina Soccer Assoc the ($365k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). At year end it held assets of $366k against liabilities of $365k, net assets of $1,063.