BRCC Fund

Analysis

BRCC Fund is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, BRCC Fund reported income of $3.5m and spending of $395k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $269k to $3.5m (+1200%), an average of +261% a year. The sharpest change came in the year to December 2023, when income rose by 774%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, BRCC Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include First Care Family Resources Inc ($3.5m), Young Mens Christian Association of ($3.5m) and Harborcov Inc ($3.5m).

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 $1.9m against liabilities of $0, net assets of $1.9m.