Brevard Schools Foundation Inc

Analysis

Brevard Schools Foundation Inc is a registered charity in United States, based in Viera, FL. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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 June 2023, Brevard Schools Foundation Inc reported income of $3.6m and spending of $3.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brevard Schools Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Mysi Corporation ($3.6m), California Consortium for Urbanindian Health Inc ($3.6m) and Louisiana High School Athletic Assn ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $114k (3.3% of expenses). Other salaries and wages came to $482k. At year end it held assets of $7.2m against liabilities of $154k, net assets of $7.0m. It reported 14 employees.