Brooklyn Bridge Park Conservancy Inc

Analysis

Brooklyn Bridge Park Conservancy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Brooklyn Bridge Park Conservancy Inc reported income of $3.1m and spending of $3.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.1m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Bridge Park Conservancy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Washington Regional Medical Services ($3.1m), Boys & Girls Club of Noblesville Inc ($3.1m) and Burleson County Fair Association Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $235k (7.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $363k, net assets of $1.8m.