Brownstone Gardens III Inc

Analysis

Brownstone Gardens III Inc is a registered charity in United States, based in E Longmeadow, MA. It received its IRS tax-exemption ruling in September 1997, 29 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, Brownstone Gardens III Inc reported income of $471k and spending of $548k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $471k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brownstone Gardens III Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include West End Associates Inc ($471k), National Steelworkers Oldtimers Community Urban Development ($471k) and Community Land Trust of Palm Beach County ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $1.7m against liabilities of $195k, net assets of $1.5m.

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.