Brummer Legacy Foundation Inc

Analysis

Brummer Legacy Foundation Inc is a registered charity in United States, based in Cherokee, IA. 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, Brummer Legacy Foundation Inc reported income of $117k and spending of $116k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $117k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brummer Legacy Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include Barry Lopez Foundation for Art & Environment ($117k), Vidyaranya Kannada Kuta ($117k) and Queens County St Patricks Day Parade and Cultural Committee Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.