Brown Daily Herald Inc

Analysis

Brown Daily Herald Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 Daily Herald Inc reported income of $154k and spending of $124k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $186k to $154k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brown Daily Herald Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within RI. Charities of a similar size with the same main cause include Spokes ($154k), South Middlesex Hospitals Association Inc ($154k) and Saints and Pelicans Gulf Coast Renewal ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 44% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.0m against liabilities of $2,575, net assets of $1.0m. It reported 1 employees.