Sunset Park Redevelopment Committee Inc

Analysis

Sunset Park Redevelopment Committee Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1975, 51 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 (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, Sunset Park Redevelopment Committee Inc reported income of $4.2m and spending of $4.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunset Park Redevelopment Committee 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 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Community Opportunity Fund ($4.2m), Valley Community Development Corporation ($4.2m) and The Caleb Group Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $153k (3.8% of expenses). Other salaries and wages came to $844k. At year end it held assets of $4.1m against liabilities of $1.1m, net assets of $3.0m. It reported 19 employees.