Brave New Films 501 C 3

Analysis

Brave New Films 501 C 3 is a registered charity in United States, based in Aliso Viejo, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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 New Films 501 C 3 reported income of $643k and spending of $662k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $643k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 153% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brave New Films 501 C 3 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 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Van Wert County Council on Aging ($643k), Judges and Lawyers Breast Cancer Alert Inc ($643k) and Childrens Orchestra Society Inc ($643k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $76k (11% of expenses). Other salaries and wages came to $266k. At year end it held assets of $349k against liabilities of $0, net assets of $349k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.