New report on Brevard’s nonprofit sector
The Viera-based Community Foundation for Brevard has revealed some secrets about local charitable giving.
Sandi Scannelli, CEO of Community Foundation for Brevard.
The Community Foundation for Brevard has released its updated report on the nonprofit sector, titled Brevard County Nonprofit Sector in Brief 2015. The brief was co‐developed with the National Center for Charitable Statistics at the Urban Institute, Washington, D.C., and explores trends in the numbers and finances of 501(c)(3) public charities in Brevard County. Among the highlights:
- In 2015, the IRS reported 2,134 nonprofits in Brevard, including 1,611 public charities, 501(c)(3) dedicated to human services, arts and culture, health care, animal welfare, environment, education, recreation and many other public interests that contribute to Brevard’s quality of life.
- Brevard County experienced a boom in the number of new public charities in 2014 with 172 new organizations reported in that year alone — more than 3 times the birth rate of previous years.
- Brevard’s public charities saw relatively steady growth in total contributions from 2003 to 2012, but contributions declined sharply in 2013.
- Hospitals and higher education organizations dominate the financials, accounting for approximately 75 percent of total revenues, expenses and assets.
- The vast majority of public charities are small — the typical (or median) annual budget is $114,900.
- Both public charity revenues and expenses declined from 2003 to 2013 — a 19 percent decrease in revenues and a 22 percent decrease in expenses after adjusting for inflation.
- The percentage of public charities with an endowment and the average endowment size lags behind Florida and the U.S. In fact, the average endowment of Brevard’s public charities is less than half the U.S. average.
To obtain the full report, go to connectbrevard.org or email email@example.com to request a copy.
The Community Foundation for Brevard serves as a catalyst and resource for philanthropic individuals and organizations to grow and sustain Brevard’s quality of life. An independent, 501(c)(3) founded in 1981, the foundation manages legacy funds that benefit charities by protecting the investment, achieving growth, and stewarding donor intentions to provide a perpetual source of income to causes donors choose. For more information, go to cfbrevard.org.