Bushwick Improvement Society Inc Stagg Street Center for Children

Analysis

Bushwick Improvement Society Inc Stagg Street Center for Children is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bushwick Improvement Society Inc Stagg Street Center for Children reported income of $1.1m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bushwick Improvement Society Inc Stagg Street Center for Children sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Houston Welcomes Refugees ($1.1m), Colorado Coalition Against Domestic Violence ($1.1m) and Sunshine Station ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $76k (7.5% of expenses). Other salaries and wages came to $387k. At year end it held assets of $550k against liabilities of $179k, net assets of $372k. It reported 17 employees.