Brown Foundation Inc
Brown Foundation Inc: Strong Asset Growth, Inconsistent Revenue, and High Program Spending
EIN: 222663141 · Palm Beach, FL · Updated: 2026-04-04
Is Brown Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brown Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brown Foundation Inc
Brown Foundation Inc (EIN: 222663141) is a nonprofit organization based in Palm Beach, FL. The organization reported total revenue of $1.5M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brown Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brown Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Brown Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization or that compensation is not itemized separately.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brown Foundation Inc's IRS 990 filings:
- Inconsistent revenue streams, with significant fluctuations year-over-year (e.g., $1,451,820 in 2023 vs. $271,784 in 2022).
- Lack of detailed information regarding specific programs or impact metrics in available filings.
Strengths
The following positive indicators were identified for Brown Foundation Inc:
- Strong asset growth from $3,778,706 in 2013 to $10,990,717 in 2023, indicating robust financial management.
- Consistently low administrative and fundraising expenses, suggesting efficient operations.
- Zero reported compensation, implying a highly dedicated volunteer base or very lean operational costs.
Frequently Asked Questions about Brown Foundation Inc
Is Brown Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brown Foundation Inc (EIN: 222663141) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Brown Foundation Inc spend its money?
Brown Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brown Foundation Inc tax-deductible?
Brown Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222663141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Brown Foundation Inc do?
Brown Foundation Inc is a nonprofit organization in the Unknown sector, located in Palm Beach, Florida. It is classified under NTEE code Unknown.
How much revenue does Brown Foundation Inc have?
Brown Foundation Inc reported total revenue of $1,542,419. Based on 10 IRS 990 filings on record.
What are Brown Foundation Inc's total assets?
Brown Foundation Inc holds total assets of $10,604,799 as reported in IRS 990 filings.
Where is Brown Foundation Inc located?
Brown Foundation Inc is based in Palm Beach, Florida.
What is Brown Foundation Inc's EIN?
Brown Foundation Inc's Employer Identification Number (EIN) is 222663141. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Brown Foundation Inc?
Brown Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Brown Foundation Inc a registered 501(c)(3)?
Brown Foundation Inc appears in IRS records (EIN: 222663141). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Brown Foundation Inc file IRS Form 990?
Yes, Brown Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202311.
What was Brown Foundation Inc's revenue in 2023?
In the 202311 filing period, Brown Foundation Inc reported total revenue of $1,451,820, total expenses of $160,011, and net assets of $10,990,717.
Is Brown Foundation Inc's revenue growing or declining?
Brown Foundation Inc's revenue is growing. Revenue went from $271,784 (202211) to $1,451,820 (202311), a +434.2% change. Based on 10 filings on record.
What is Brown Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Brown Foundation Inc covers tax period 202311. It shows revenue of $1,451,820, expenses of $160,011, total assets of $10,990,717, and liabilities of $26,683.
How much does Brown Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Brown Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Brown Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Brown Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Brown Foundation Inc?
The following concerns were identified: Inconsistent revenue streams, with significant fluctuations year-over-year (e.g., $1,451,820 in 2023 vs. $271,784 in 2022).. Lack of detailed information regarding specific programs or impact metrics in available filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Brown Foundation Inc's strengths?
Positive indicators for Brown Foundation Inc include: Strong asset growth from $3,778,706 in 2013 to $10,990,717 in 2023, indicating robust financial management.. Consistently low administrative and fundraising expenses, suggesting efficient operations.. Zero reported compensation, implying a highly dedicated volunteer base or very lean operational costs.. These findings are derived from AI analysis of the organization's financial filings.
How does Brown Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization or that compensation is not itemized separately. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Brown Foundation Inc?
• The organization consistently reports 0% compensation, suggesting all work is volunteer-based or compensation is reported under other expense categories. • Financial filings are available, but detailed narrative on program impact is not readily apparent. • The foundation's assets have shown consistent growth over the past decade. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported 0% compensation, how does the Brown Foundation Inc sustain its operations and achieve its mission without paid staff?
The consistent reporting of $0 compensation suggests that the organization relies heavily on volunteer efforts, or that any operational costs, including potential stipends or contractor fees, are categorized under other expense lines rather than explicit compensation.
What factors contribute to the significant year-over-year fluctuations in revenue, such as the drop from $1,451,820 in 2023 to $271,784 in 2022?
The large swings in revenue could be attributed to reliance on a few large donors, specific grant cycles, or the timing of investment returns. Without more detailed financial notes, it's difficult to pinpoint the exact cause, but it indicates a potentially less diversified or predictable funding model.
Filing History
IRS 990 filing history for Brown Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Brown Foundation Inc's revenue has grown by 355.7%, moving from $319K to $1.5M. Total assets increased by 359.6% over the same period, from $2.4M to $11.0M. Total functional expenses fell by 72.3%, from $578K to $160K. In its most recent filing year (2023), Brown Foundation Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $27K in liabilities against $11.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $11.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $160K | $11.0M | $27K | — | — |
| 2022 | $272K | $182K | $9.8M | $84K | — | View 990 |
| 2021 | $782K | $138K | $9.6M | $5K | — | View 990 |
| 2020 | $1.7M | $763K | $8.9M | $7K | — | View 990 |
| 2019 | $1.3M | $595K | $8.0M | $11K | — | View 990 |
| 2015 | $2.1M | $663K | $6.5M | $5K | — | View 990 |
| 2014 | $1.8M | $471K | $5.1M | $226 | — | View 990 |
| 2013 | $2.0M | $441K | $3.8M | $8K | — | View 990 |
| 2012 | $121K | $237K | $2.3M | $32K | — | View 990 |
| 2011 | $319K | $578K | $2.4M | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $160K, and assets of $11.0M (revenue +434.2% year-over-year).
- 2022: Revenue of $272K, expenses of $182K, and assets of $9.8M (revenue -65.2% year-over-year).
- 2021: Revenue of $782K, expenses of $138K, and assets of $9.6M (revenue -54.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $763K, and assets of $8.9M (revenue +36.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $595K, and assets of $8.0M (revenue -39.2% year-over-year).
- 2015: Revenue of $2.1M, expenses of $663K, and assets of $6.5M (revenue +17.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $471K, and assets of $5.1M (revenue -9.6% year-over-year).
- 2013: Revenue of $2.0M, expenses of $441K, and assets of $3.8M (revenue +1528.3% year-over-year).
- 2012: Revenue of $121K, expenses of $237K, and assets of $2.3M (revenue -62.0% year-over-year).
- 2011: Revenue of $319K, expenses of $578K, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Brown Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.