Thomas M Brennan Memorial Foundation

Analysis

Thomas M Brennan Memorial Foundation is a registered charity in United States, based in Mount Vernon, NY. It received its IRS tax-exemption ruling in October 2003, 23 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 December 2023, Thomas M Brennan Memorial Foundation reported income of $196k and spending of $145k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $196k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas M Brennan Memorial Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Bennet Omalu Foundation ($196k), PTA New York Congress Ms104 ($196k) and Tyler Junior Golf Foundation ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $1.5m against liabilities of $66k, net assets of $1.4m.