Brookside Redevelopment Company Inc

Analysis

Brookside Redevelopment Company Inc is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in August 1993, 33 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, Brookside Redevelopment Company Inc reported income of $93k and spending of $379k, spending 407% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $95k to $93k (-1.6%), an average of -0.4% a year. Over the whole period it spent 409% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookside Redevelopment Company Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Myrtle Avenue Community Development Corporation ($93k), Champion House Inc ($93k) and Yolo Mutual Housing Association ($93k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.5m against liabilities of $10.9m, net assets of -$6.4m.

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.