Borough Development Group

Analysis

Borough Development Group is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Borough Development Group reported income of $369k and spending of $316k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $378k to $369k (-2.2%), an average of -0.6% a year. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Borough Development Group sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Oregon Mind Body Institute ($369k), Carroll Hospital Center Auxiliary ($369k) and Emily Whitehead Foundation ($369k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.1m against liabilities of $1.5m, net assets of $634k.