Bric Foundation

Analysis

Bric Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Bric Foundation reported income of $918k and spending of $511k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $212k to $918k (+334%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 173%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bric Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include National Conference of Standards Laboratories ($918k), FPC Preservation Foundation Inc ($919k) and Queer-Art ($918k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $120k (23% of expenses). Other salaries and wages came to $49k. At year end it held assets of $510k against liabilities of $0, net assets of $510k. It reported 6 employees.