Derrick Brooks Charities Inc

Analysis

Derrick Brooks Charities Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Derrick Brooks Charities Inc reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Derrick Brooks Charities Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Durham Childrens Initiative ($1.2m), Backpack Buddies of Metro Atlanta Inc ($1.2m) and Chaparral Baptist Assembly ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $61k (5.8% of expenses). At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m. It reported 2 employees.