Brooklyn Heights Music Society Inc

Analysis

Brooklyn Heights Music Society Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Brooklyn Heights Music Society Inc reported income of $67k and spending of $54k, spending 80% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $63k to $67k (+5.7%), an average of +5.7% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Heights Music Society Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Dwelling Place Regional Community Land Trust ($67k), Miss Jennie Ruth Corn Endowment ($67k) and Casa Guadalupe ($67k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $92k against liabilities of $2,581, net assets of $90k.