Fort Greene Council Inc

Analysis

Fort Greene Council Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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 June 2023, Fort Greene Council Inc reported income of $9.0m and spending of $8.9m, spending 98% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $7.9m to $9.0m (+14%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Greene Council Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include California Housing Partnership ($9.0m), Seton Medical Management ($9.0m) and Kimi Nichols Center Inc ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $484k (5.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $9.3m against liabilities of $7.2m, net assets of $2.1m. It reported 128 employees.