Brady Corporation Foundation Inc
Brady Corporation Foundation Inc. maintains strong assets and zero officer compensation, consistently generating surpluses in recent years.
EIN: 203304824 · Milwaukee, WI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $712K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.7M |
| Transparency Score | 92/100 |
Is Brady Corporation Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brady Corporation Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brady Corporation Foundation Inc
Brady Corporation Foundation Inc (EIN: 203304824) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T20. The organization reported total revenue of $3.4M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brady Corporation Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brady Corporation Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $712K |
| Surplus / Deficit | +$485K |
| Total Assets | $5.8M |
| Total Liabilities | $84K |
| Net Assets | $5.7M |
| Operating Margin | 40.5% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 97.5 months |
Financial Health Grade: A
In 2023, Brady Corporation Foundation Inc reported a surplus of $485K with revenue exceeding expenses, holds 97.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Brady Corporation Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | -33.3% | +11.1% |
| 2022 | +11.2% | +10.6% | -9.1% |
| 2021 | +49.9% | +2.0% | +16.9% |
| 2020 | +418.4% | +37.9% | -11.2% |
| 2019 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brady Corporation Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Brady Corporation Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $485K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly efficient for an organization of its size with assets over $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Brady Corporation Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency.
- Healthy asset growth, reaching $5,786,997 in 202307.
- Positive revenue-to-expense ratio in recent years, generating surpluses (e.g., $484,891 surplus in 202307).
- Long history of IRS 990 filings, demonstrating transparency and compliance.
- Low liabilities relative to assets, with liabilities at $83,638 against assets of $5,786,997 in 202307.
Frequently Asked Questions about Brady Corporation Foundation Inc
Is Brady Corporation Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brady Corporation Foundation Inc (EIN: 203304824) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Brady Corporation Foundation Inc spend its money?
Brady Corporation Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brady Corporation Foundation Inc tax-deductible?
Brady Corporation Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203304824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brady Corporation Foundation Inc CEO make?
Brady Corporation Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Brady Corporation Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Brady Corporation Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brady Corporation Foundation Inc located?
Brady Corporation Foundation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 203304824. It is classified under NTEE code T20.
How many years of IRS 990 filings does Brady Corporation Foundation Inc have?
Brady Corporation Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.4M in total revenue.
Is Brady Corporation Foundation Inc. financially stable?
Yes, the foundation appears financially stable, with assets growing to $5,786,997 in 202307 and consistent revenue generation, often exceeding expenses in recent years (e.g., $1,196,896 revenue vs. $712,005 expenses in 202307).
How efficient is Brady Corporation Foundation Inc. with its spending?
The foundation demonstrates high spending efficiency, particularly due to reporting 0% officer compensation across all filings, meaning all funds are directed towards programs and essential administration without executive salary overhead.
Does Brady Corporation Foundation Inc. have a strong program focus?
Given the 0% officer compensation and the general financial health, it is highly probable that the vast majority of expenses are directed towards program activities, indicating a strong program focus.
Has the foundation's revenue been consistent?
Revenue has fluctuated over the years, ranging from a low of $155,324 in 201907 to a high of $1,342,558 in 202207, but has shown a positive trend in the most recent filings.
Filing History
IRS 990 filing history for Brady Corporation Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Brady Corporation Foundation Inc's revenue has grown by 11.4%, moving from $1.1M to $1.2M. Total assets increased by 50.9% over the same period, from $3.8M to $5.8M. Total functional expenses fell by 58%, from $1.7M to $712K. In its most recent filing year (2023), Brady Corporation Foundation Inc reported a surplus of $485K, with revenue exceeding expenses. The organization holds $84K in liabilities against $5.8M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $712K | $5.8M | $84K | — | View 990 |
| 2022 | $1.3M | $1.1M | $5.2M | $218K | — | View 990 |
| 2021 | $1.2M | $964K | $5.7M | $379K | — | View 990 |
| 2020 | $805K | $945K | $4.9M | $546K | — | View 990 |
| 2019 | $155K | $685K | $5.5M | $844K | — | — |
| 2018 | $155K | $685K | $5.5M | $844K | — | View 990 |
| 2015 | $754K | $173K | $5.3M | $1.4M | — | View 990 |
| 2014 | $924K | $929K | $5.3M | $2.0M | — | View 990 |
| 2013 | $808K | $1.8M | $4.8M | $1.9M | — | View 990 |
| 2012 | $1.2M | $274K | $4.4M | $1.1M | — | View 990 |
| 2011 | $418K | $4K | $4.0M | $1.7M | — | View 990 |
| 2011 | $1.1M | $1.7M | $3.8M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $712K, and assets of $5.8M (revenue -10.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $5.2M (revenue +11.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $964K, and assets of $5.7M (revenue +49.9% year-over-year).
- 2020: Revenue of $805K, expenses of $945K, and assets of $4.9M (revenue +418.4% year-over-year).
- 2019: Revenue of $155K, expenses of $685K, and assets of $5.5M (revenue +0.0% year-over-year).
- 2018: Revenue of $155K, expenses of $685K, and assets of $5.5M (revenue -79.4% year-over-year).
- 2015: Revenue of $754K, expenses of $173K, and assets of $5.3M (revenue -18.4% year-over-year).
- 2014: Revenue of $924K, expenses of $929K, and assets of $5.3M (revenue +14.4% year-over-year).
- 2013: Revenue of $808K, expenses of $1.8M, and assets of $4.8M (revenue -34.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $274K, and assets of $4.4M (revenue +196.1% year-over-year).
- 2011: Revenue of $418K, expenses of $4K, and assets of $4.0M (revenue -61.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.7M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brady Corporation Foundation Inc:
Data Sources and Methodology
This transparency report for Brady Corporation Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.