Preston Brown Foundation

Analysis

Preston Brown Foundation is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Preston Brown Foundation reported income of $114k and spending of $93k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $220k to $114k (-48%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 410%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preston Brown Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Amigo de LA Academia Sandoval ($114k), Maui High School Foundation ($114k) and Fulfilling a Dream Fund Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 144% of the total. Other salaries and wages came to $42k. At year end it held assets of $347k against liabilities of $0, net assets of $347k. It reported 2 employees.