Neal & Brooke Brown Foundation Inc

Analysis

Neal & Brooke Brown Foundation Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in July 2021, 5 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neal & Brooke Brown Foundation Inc reported income of $262k and spending of $266k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $262k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Neal & Brooke Brown Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include 5th Squad ($262k), Polywogs Charities Inc ($262k) and Dake Foundation for Children ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,060 against liabilities of $0, net assets of $1,060.