Ron Brown Scholar Fund

Analysis

Ron Brown Scholar Fund is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in August 2014, 12 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, Ron Brown Scholar Fund reported income of $3.4m and spending of $4.9m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.4m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ron Brown Scholar Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Ross Valley Charter School ($3.4m), Neighbors Educational Opportunities Inc ($3.4m) and The Montclair Cooperative School Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $362k (7.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $22.3m against liabilities of $1.6m, net assets of $20.7m. It reported 24 employees.