Brown Rudnick Charitable Foundation Corp

Analysis

Brown Rudnick Charitable Foundation Corp is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2001, 25 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 December 2023, Brown Rudnick Charitable Foundation Corp reported income of $757k and spending of $339k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $723k to $757k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brown Rudnick Charitable Foundation Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include The Ellen P Hermanson Foundation ($757k), F Y Eye Inc ($757k) and New Jersey Center for Nonprofits Inc ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $5.2m against liabilities of $2,788, net assets of $5.2m.