Richard M Brodsky Foundation Inc

Analysis

Richard M Brodsky Foundation Inc is a registered charity in United States, based in Atlantic BCH, NY. It received its IRS tax-exemption ruling in December 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richard M Brodsky Foundation Inc reported income of $54k and spending of $49k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $55k to $54k (-3.1%), an average of -3.1% a year. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richard M Brodsky Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include United Way of Rusk County Inc ($54k), Rachels Children Reclamation Foundation Inc ($54k) and Hospice Foundation of Ok Affiliated Fund of the Okc Community Foun Inc ($54k).

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 $20k against liabilities of $0, net assets of $20k.