Joseph S Bruno Educational Foundation

Analysis

Joseph S Bruno Educational Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Joseph S Bruno Educational Foundation reported income of $2.0m and spending of $2.4m, spending 122% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.9m to $2.0m (+3.9%), an average of +0.8% a year. The sharpest change came in the year to August 2023, when income rose by 75%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joseph S Bruno Educational Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Virginia Institute of Marine Science Foundation ($2.0m), D C Public Charter School Cooperative Inc ($2.0m) and Lifeprep Education System Inc ($2.0m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 2.1% and program service revenue 88% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $6.9m against liabilities of $605k, net assets of $6.3m. It reported 39 employees.