Brooklyn Neighborhood Improvement

Analysis

Brooklyn Neighborhood Improvement 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 community improvement and capacity building, which this site groups under community and economic development. 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 August 2022, Brooklyn Neighborhood Improvement reported income of $943k and spending of $775k, spending 82% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $987k to $943k (-4.5%), an average of -1.5% a year. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brooklyn Neighborhood Improvement 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 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Success in Style ($942k), En2action ($944k) and Central City Action Committee ($942k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $106k (14% of expenses). At year end it held assets of $3.1m against liabilities of $1.8m, net assets of $1.3m. It reported 25 employees.