Brownwood Foundation for Excellence

Analysis

Brownwood Foundation for Excellence is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Brownwood Foundation for Excellence reported income of $110k and spending of $107k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $117k to $110k (-6.3%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brownwood Foundation for Excellence sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Aurora Chamber Foundation Inc ($110k), Marcus Marquette Booster Club ($110k) and Embassy of Hope Foundation Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.