Brooklyn Community Foundation Inc

Analysis

Brooklyn Community Foundation Inc is a registered charity in United States, based in Brooklyn, IA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Brooklyn Community Foundation Inc reported income of $247k and spending of $102k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $277k to $247k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brooklyn Community Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include United Way of Southington Inc ($247k), Calaveras Community Foundation ($247k) and My Tzedakah Fund Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. At year end it held assets of $830k against liabilities of $0, net assets of $830k.