Brenda Brown-Lipitz Family Foundation Inc

Analysis

Brenda Brown-Lipitz Family Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1997, 29 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Brenda Brown-Lipitz Family Foundation Inc reported income of $68k and spending of $102k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $35k to $68k (+92%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 591%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brenda Brown-Lipitz Family Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Lakeview Elementary-Parent-Teacher Organization ($68k), PTA California Congress of Parents Teachers & Students Inc ($68k) and Virginia Congress of Parents and Teachers ($68k).

At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.