Brooke Grove Foundation Inc

Analysis

Brooke Grove Foundation Inc is a registered charity in United States, based in Sandy Spring, MD. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Brooke Grove Foundation Inc reported income of $62.3m and spending of $60.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.4m to $62.3m (+21%), an average of +4.9% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brooke Grove Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include The Against Malaria Foundation ($62.3m), Solari Inc ($62.3m) and Chestnut Health Systems Inc ($62.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.1m (1.8% of expenses). Other salaries and wages came to $23.3m. At year end it held assets of $73.1m against liabilities of $51.6m, net assets of $21.5m. It reported 779 employees.