Brookline Community Foundation Inc

Analysis

Brookline Community Foundation Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in July 1938, 88 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Brookline Community Foundation Inc reported income of $7.6m and spending of $2.2m, leaving 71% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income grew from $1.7m to $7.6m (+338%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 289%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brookline Community Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include El Dorado Community Foundation ($7.6m), Hope Gospel Mission Inc ($7.6m) and United Way of Lincoln and Lancaster County ($7.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% of the total. Compensation of current officers, directors and key employees was $201k (9.1% of expenses). Other salaries and wages came to $494k. At year end it held assets of $15.5m against liabilities of $554k, net assets of $15.0m. It reported 10 employees.