Brush Park Senior Housing Development Corporation

Analysis

Brush Park Senior Housing Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Brush Park Senior Housing Development Corporation reported income of $848k and spending of $1.2m, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $965k to $848k (-12%), an average of -3.2% a year. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brush Park Senior Housing Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Boulevard Nursery School Inc ($848k), Rewind Inc ($848k) and Sanctum House Inc ($848k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $58k (4.7% of expenses). Other salaries and wages came to $133k. At year end it held assets of $5.9m against liabilities of $10.3m, net assets of -$4.4m. It reported 6 employees.

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.