Brooklyn Waterfront Artists Coalition Inc

Analysis

Brooklyn Waterfront Artists Coalition Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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 Waterfront Artists Coalition Inc reported income of $250k and spending of $242k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $115k to $250k (+117%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Waterfront Artists Coalition Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Chariot Riders Inc ($250k), Arc of New Jersey Inc ($250k) and Highlight Catholic Ministries ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $77k. At year end it held assets of $66k against liabilities of $21k, net assets of $45k. It reported 2 employees.