Broc Foundation Inc

Analysis

Broc Foundation Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Broc Foundation Inc reported income of $1.2m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $1.2m (+267%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Broc Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include KCS Building Company ($1.2m), Wilmington Ace Charter Incorporated ($1.2m) and Leading Youth Through Empowerment Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $840k. At year end it held assets of $344k against liabilities of $0, net assets of $344k. It reported 27 employees.