Brendan Looney Foundation Inc

Analysis

Brendan Looney Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Brendan Looney Foundation Inc reported income of $301k and spending of $184k, leaving 39% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $28k to $301k (+962%), an average of +60% a year. The sharpest change came in the year to June 2023, when income dropped by 1095%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brendan Looney Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include After-School Childrens Enrichment Inc ($301k), Christmas Connection Inc ($301k) and Indian River County Volunteer Ambulance Squad Inc ($301k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 140% of the total. At year end it held assets of $371k against liabilities of $0, net assets of $371k.