Brunswick Housing Development Corporation

Analysis

Brunswick Housing Development Corporation is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in February 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 (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 2023, Brunswick Housing Development Corporation reported income of $545k and spending of $513k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $437k to $545k (+25%), an average of +5.6% a year. The sharpest change came in the year to June 2020, when income rose by 184%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brunswick Housing Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Trees of Hope ($545k), Brown Foundation Community Development Corporation ($545k) and Friendship House American Indian Healing Center Inc ($544k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 48% of the total. At year end it held assets of $2.2m against liabilities of $4.9m, net assets of -$2.6m.