Brazilian Community Heritage Foundation Corp

Analysis

Brazilian Community Heritage Foundation Corp is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Brazilian Community Heritage Foundation Corp reported income of $126k and spending of $46k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,354 to $126k (+1619%), an average of +1619% a year. The sharpest change came in the year to December 2023, when income rose by 1619%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brazilian Community Heritage Foundation Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Warren Italian American Festival Committee Inc ($126k), Asbury Park Theater Company ($126k) and Suzuki Association of the Greater Washington Area ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.