Fund for Bric Inc

Analysis

Fund for Bric Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fund for Bric Inc reported income of $124k and spending of $21k, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $211k to $124k (-41%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 49%. Over the whole period it spent 143% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fund for Bric 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 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Wisconsin Newspaper Association Foundation Inc ($124k), Big Apple Honor Flight Inc ($124k) and Planets Telescope Foundation ($124k).

At year end it held assets of $2.2m against liabilities of $21k, net assets of $2.2m.