BROTHER RICE HIGH SCHOOL FOUNDATION INC
Mission Statement
Brother Rice High School Foundation, Inc. – Mission Statement The Mission of the Brother Rice High School Foundation is to support the charitable, religious, and educational purposes of Brother Rice High School by securing and investing financial contributions that will ensure the future financial stability of Br. Rice. The Brother Rice High School Foundation seeks to raise funds for the operations of Brother Rice High School. As such, the Brother Rice High School Foundation will solicit, receive and maintain a fund or funds to be held for the of Brother Rice High School. Subject to the limitations and provisions of its Bylaws, the Brother Rice High School Foundation will use and apply the whole or any part of the income there from and the principal thereof exclusively to support, foster, promote, and enhance the educational programs and facilities of Brother Rice High School.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.8% | 88.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.2% | 8.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 1.9% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
161.2 mo | 9.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
58.6% | 90.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-1.8% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-29.4% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
60.7% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $292K | $115K | $1.5M | 81.8% | 0 |
| 2022 | $298K | $163K | $1.1M | 88.7% | 0 |
| 2021 | $292K | $162K | N/A | — | 0 |
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