The Herb Brooks Foundation

Analysis

The Herb Brooks Foundation is a registered charity in United States, based in White Bear LK, MN. It received its IRS tax-exemption ruling in February 1986, 40 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, The Herb Brooks Foundation reported income of $85k and spending of $125k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $321k to $85k (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Herb Brooks Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include New Samaritan Development Corporation ($85k), Longmont Emergency Unit Inc ($85k) and Kuchan Foundation ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $28k (22% of expenses). At year end it held assets of $690k against liabilities of $1,599, net assets of $689k.