Conselyea Street Block Assoc Inc

Analysis

Conselyea Street Block Assoc Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1971, 55 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 December 2023, Conselyea Street Block Assoc Inc reported income of $840k and spending of $834k, spending 99% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $2.6m to $840k (-67%), an average of -20% a year. The sharpest change came in the year to June 2020, when income rose by 188%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Conselyea Street Block Assoc Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Mental Health America of Virginia ($840k), Norwood Life Care Foundation ($841k) and Smith Center for the Arts Inc ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $10.0m against liabilities of $4.9m, net assets of $5.1m.