North Brooklyn Development Corporation

Analysis

North Brooklyn Development Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1981, 45 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, North Brooklyn Development Corporation reported income of $1.5m and spending of $1.2m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Brooklyn Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Terrafina International ($1.5m), Transgender Advocates Knowledgeable Empowering ($1.5m) and Kids Matter Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $180k (16% of expenses). Other salaries and wages came to $757k. At year end it held assets of $2.2m against liabilities of $41k, net assets of $2.2m. It reported 67 employees.