Borough Park Housing Corporation

Analysis

Borough Park Housing Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Borough Park Housing Corporation reported income of $133k and spending of $384k, spending 288% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $60k to $133k (+121%), an average of +22% a year. The sharpest change came in the year to July 2023, when income rose by 513%. Over the whole period it spent 562% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Borough Park Housing Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Draymont Housing Corporation ($133k), Hands Head Health of Uvalde ($133k) and Woodbridge Homes for Elderly Inc ($133k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $714k against liabilities of $168k, net assets of $547k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.