Brunswick-Potomac Foundation Inc

Analysis

Brunswick-Potomac Foundation Inc is a registered charity in United States, based in Brunswick, MD. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Brunswick-Potomac Foundation Inc reported income of $95k and spending of $72k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $69k to $95k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brunswick-Potomac Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include University High School Titan Regime NT Band Booster Association Inc ($95k), Ligon Arts Boosters Inc ($95k) and Summit Art Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $307k against liabilities of $40k, net assets of $267k.