Brickways Management

Analysis

Brickways Management is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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, Brickways Management reported income of $1.1m and spending of $349k, leaving 67% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $721k to $1.1m (+49%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brickways Management sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Eastern Star Day Care Center Inc ($1.1m), Fresno Sheriffs Memorial Foundation ($1.1m) and National Association of Nutrition and Aging Service Programs ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $72k (21% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.4m against liabilities of $9,044, net assets of $1.4m. It reported 4 employees.