Brookside Apartments Inc

Analysis

Brookside Apartments Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in June 1995, 31 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 September 2023, Brookside Apartments Inc reported income of $177k and spending of $202k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $154k to $177k (+15%), an average of +3.6% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookside Apartments Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Life House Corporation ($177k), Passman Plaza II Inc ($177k) and Abilities at College Pines Inc ($177k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. At year end it held assets of $712k against liabilities of $1.4m, net assets of -$657k.

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.