Brighton Neighborhood Assoc Inc

Analysis

Brighton Neighborhood Assoc Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1979, 47 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 May 2024, Brighton Neighborhood Assoc Inc reported income of $187k and spending of $224k, spending 120% of what it took in. Across the 4 years on record, from May 2020 to May 2024, income grew from $170k to $187k (+9.8%), an average of +3.2% a year. The sharpest change came in the year to May 2022, when income rose by 78%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brighton Neighborhood Assoc Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Slice of Heaven Educational Farm ($186k), New Geneva Academy Inc ($187k) and Hilltop Residence Inc ($186k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $84k (37% of expenses). Other salaries and wages came to $61k. At year end it held assets of $152k against liabilities of $27k, net assets of $125k.