North Brevard Charities Sharing Center Inc

Analysis

North Brevard Charities Sharing Center Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, North Brevard Charities Sharing Center Inc reported income of $1.2m and spending of $1.5m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.2m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Brevard Charities Sharing Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Scioto County Agricultural Society ($1.2m), Antioch Englewood Associates Ltd ($1.2m) and Open Door Outreach Center Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $103k (7.0% of expenses). Other salaries and wages came to $573k. At year end it held assets of $2.9m against liabilities of $255k, net assets of $2.6m. It reported 43 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.