Christian Brothers Foundation Inc

Analysis

Christian Brothers Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 1966, 60 years ago. 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 July 2023, Christian Brothers Foundation Inc reported income of $1.8m and spending of $370k, leaving 80% of income unspent that year. Across the 4 years on record, from July 2019 to July 2023, income grew from $102k to $1.8m (+1713%), an average of +163% a year. The sharpest change came in the year to July 2023, when income rose by 286%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Brothers Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Florida Keys Educational Foundation Inc ($1.8m), Catawba Valley Community College Foundation Inc ($1.8m) and National Accrediting Agency for Clinical Laboratory Science ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m. It reported 1 employees.