Brooklyn Free Space

Analysis

Brooklyn Free Space is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brooklyn Free Space reported income of $1.7m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Free Space sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Childrens Own School Inc ($1.7m), District of Columbia Coalition Against Domestic Violence ($1.7m) and Africentric Personal Development Shop ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $926k. At year end it held assets of $1.3m against liabilities of $239k, net assets of $1.1m. It reported 26 employees.