West Brighton Community Local Development Corporation

Analysis

West Brighton Community Local Development Corporation is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, West Brighton Community Local Development Corporation reported income of $388k and spending of $335k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $231k to $388k (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Brighton Community Local Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Vancouvers Downtown Association ($388k), Wheat Ridge 2020 Inc ($388k) and Mays Mission for the Handicapped Inc ($388k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $85k (25% of expenses). Other salaries and wages came to $98k. At year end it held assets of $438k against liabilities of $27k, net assets of $411k. It reported 5 employees.