Brec Foundation

Analysis

Brec Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Brec Foundation reported income of $584k and spending of $368k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $584k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brec Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Eagle Fern Camp ($584k), Youth Tennis Advantage ($584k) and New Albany Aquatics Club Inc ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $140k (38% of expenses). At year end it held assets of $1.2m against liabilities of $130k, net assets of $1.1m. It reported 1 employees.