Carroll Gardens Association Incorporated

Analysis

Carroll Gardens Association Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1981, 45 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, Carroll Gardens Association Incorporated reported income of $806k and spending of $684k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $453k to $806k (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carroll Gardens Association Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Seacoast Family Promise ($806k), Romulus Non-Profit Senior Housing Inc C/O Cooperative Services Inc ($807k) and Prestigious Academy Inc ($806k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Other salaries and wages came to $310k. At year end it held assets of $1.2m against liabilities of $269k, net assets of $910k. It reported 8 employees.