Brookings Foundation

Analysis

Brookings Foundation is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Brookings Foundation reported income of $197k and spending of $1.1m, spending 572% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $248k to $197k (-21%), an average of -5.7% a year. The sharpest change came in the year to March 2021, when income rose by 217%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brookings Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within SD. Charities of a similar size with the same main cause include Youth for Troops ($197k), Chiefs Ambassadors Charitable Foundation ($197k) and Elbert County Sheriffs Office Foundation ($197k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $6,600 (0.6% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 1 employees.