Brevard Heat Inc

Analysis

Brevard Heat Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2024, Brevard Heat Inc reported income of $108k and spending of $86k, leaving 20% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income grew from $59k to $108k (+83%), an average of +35% a year. The sharpest change came in the year to May 2023, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brevard Heat Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Scituate Basketball Association Inc ($108k), Camden Babe Ruth Association ($108k) and Revere Soccer Club ($108k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 31% and program service revenue 64% of the total. At year end it held assets of $69k against liabilities of $446, net assets of $68k.