Community Foundation for Brevard Inc

Analysis

Community Foundation for Brevard Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in December 1981, 45 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 (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, Community Foundation for Brevard Inc reported income of $4.6m and spending of $3.7m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.6m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for Brevard Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Good Shepherd Manor Foundation ($4.6m), Community Foundation of Mendocino County Inc ($4.6m) and North Shore Exchange NFP ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $178k (4.8% of expenses). Other salaries and wages came to $238k. At year end it held assets of $39.7m against liabilities of $2.8m, net assets of $36.9m. It reported 5 employees.