Brunswick Area Student Aid Fund

Analysis

Brunswick Area Student Aid Fund is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Brunswick Area Student Aid Fund reported income of $582k and spending of $540k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $453k to $582k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brunswick Area Student Aid Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Friends of the Public Library of Cincinnati and Hamilton County ($581k), Protect Minnesota ($582k) and Red Mountain Community School ($581k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $6.8m against liabilities of $0, net assets of $6.8m.