Brooklyn Tech Alumni Foundation Inc

Analysis

Brooklyn Tech Alumni Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Brooklyn Tech Alumni Foundation Inc reported income of $2.0m and spending of $2.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $2.0m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn Tech Alumni Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include American Renaissance Academy ($2.0m), School Facility Development Inc ($2.0m) and International Honor Society of Nursing Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $170k (7.9% of expenses). Other salaries and wages came to $507k. It paid $252k in professional fundraising fees. At year end it held assets of $16.0m against liabilities of $186k, net assets of $15.8m. It reported 9 employees.