Pratt Area Community Council Inc

Analysis

Pratt Area Community Council Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pratt Area Community Council Inc reported income of $3.9m and spending of $6.0m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $3.9m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pratt Area Community Council Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Management Services Inc ($3.9m), Neighborhood Housing Services of Waterbury Inc ($3.9m) and Habitat for Humanity International Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $334k (5.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $5.7m against liabilities of $6.3m, net assets of -$595k. It reported 45 employees.