Brazo de Oro Childrens Foundation

Analysis

Brazo de Oro Childrens Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brazo de Oro Childrens Foundation reported income of $3.4m and spending of $3.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.4m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brazo de Oro Childrens Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include The Edible Schoolyard Project ($3.4m), Plattsburgh College Foundation Inc ($3.4m) and Terra Verde Discovery School Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $45.4m against liabilities of $47.6m, net assets of -$2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.