Old Brooklyn Community Development Corp

Analysis

Old Brooklyn Community Development Corp is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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 2024, Old Brooklyn Community Development Corp reported income of $1.8m and spending of $1.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Brooklyn Community Development Corp sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include American Society of Criminology ($1.8m), Habitat for Humanity International Inc ($1.8m) and Environmental and Energy Study Institute ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $95k (6.7% of expenses). Other salaries and wages came to $503k. At year end it held assets of $2.3m against liabilities of $1.5m, net assets of $810k. It reported 16 employees.