Bedford Stuyvesant Restoration Corporation

Analysis

Bedford Stuyvesant Restoration Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1967, 59 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, Bedford Stuyvesant Restoration Corporation reported income of $9.7m and spending of $12.8m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.9m to $9.7m (-19%), an average of -5.0% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bedford Stuyvesant Restoration Corporation sits at the 95th percentile: it is larger than about 95% 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 Avalon Nonprofit Housing Corp ($9.6m), Village Enterprises ($9.7m) and Grand Street Northwest Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $1.3m (10% of expenses). Other salaries and wages came to $5.5m. It paid $80k in professional fundraising fees. At year end it held assets of $63.0m against liabilities of $37.3m, net assets of $25.7m. It reported 213 employees.