Downtown Brooklyn Neighborhood Alliance

Analysis

Downtown Brooklyn Neighborhood Alliance is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2007, 19 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 2022, Downtown Brooklyn Neighborhood Alliance reported income of $147k and spending of $157k, spending 107% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income fell from $209k to $147k (-30%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Brooklyn Neighborhood Alliance sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Calera Main Street Inc ($147k), Welift Job Search Center ($147k) and Creative Portland Corporation ($147k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (47% of expenses). Other salaries and wages came to $45k. At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 2 employees.