Community Orginzation of Southern Brooklyn Inc

Analysis

Community Orginzation of Southern Brooklyn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community Orginzation of Southern Brooklyn Inc reported income of $210k and spending of $211k, spending 100% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $217k to $210k (-3.4%), an average of -1.7% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Orginzation of Southern Brooklyn Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Dorcas Manor Inc ($210k), Mi Casa Housing Development Fund Corp ($210k) and Carolina Housing and Community Development Corporation ($210k).

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 $128k. At year end it held assets of $61k against liabilities of $29k, net assets of $32k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.