Brooklyn Heights Association Inc

Analysis

Brooklyn Heights Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Brooklyn Heights Association Inc reported income of $540k and spending of $411k, leaving 24% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $419k to $540k (+29%), an average of +6.5% a year. The sharpest change came in the year to August 2023, when income rose by 67%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brooklyn Heights Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Crawford County Development Assoc ($539k), Southbrook Properties ($540k) and Build Institute ($539k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 115% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $92k (22% of expenses). Other salaries and wages came to $91k. At year end it held assets of $762k against liabilities of $27k, net assets of $735k. It reported 3 employees.