Bronx United in Leveraging Dollars Inc

Analysis

Bronx United in Leveraging Dollars Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bronx United in Leveraging Dollars Inc reported income of $520k and spending of $524k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $531k to $520k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 129%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bronx United in Leveraging Dollars Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Morning Star Community NFP Inc ($519k), Holy Trinity Baptist Church Enterprises Inc ($520k) and New Mexico Affordable Housing Charitable TR ($519k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $18k. At year end it held assets of $2.4m against liabilities of $17k, net assets of $2.4m.

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.