Brandon Merritt Charitable Foundation Inc

Analysis

Brandon Merritt Charitable Foundation Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Brandon Merritt Charitable Foundation Inc reported income of $409k and spending of $109k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $409k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 39% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brandon Merritt Charitable Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include North American Society for Cardiac Imaging ($409k), Taylor Wellness Center Inc ($409k) and Presbyterian Home at 58th Street ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $1.2m against liabilities of $3,240, net assets of $1.2m.