Brown Asset Reclamation Foundation

Analysis

Brown Asset Reclamation Foundation is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Brown Asset Reclamation Foundation reported income of $55k and spending of $28k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $3.0m to $55k (-98%), an average of -98% a year. The sharpest change came in the year to December 2022, when income dropped by 98%. Over the whole period it spent 0.9% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brown Asset Reclamation Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Aquaducks Incorporated ($55k), Maui Police Activities League ($55k) and The Denali Nordic Ski Club Inc ($55k).

At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.