Bergen Basin Commmunity Development Corporation

Analysis

Bergen Basin Commmunity Development Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1995, 31 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 March 2023, Bergen Basin Commmunity Development Corporation reported income of $10.7m and spending of $10.7m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $9.2m to $10.7m (+16%), an average of +3.7% a year. The sharpest change came in the year to March 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bergen Basin Commmunity Development Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Choice of New Rochelle Inc ($10.7m), Young Mens Christian Association ($10.7m) and Hope House for the Multiple- Handicapped Inc ($10.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $6.7m. At year end it held assets of $1.5m against liabilities of $1.5m, net assets of $1,355. It reported 426 employees.