Friends of Northwest Brooklyn Inc

Analysis

Friends of Northwest Brooklyn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2013, 13 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, Friends of Northwest Brooklyn Inc reported income of $1.6m and spending of $1.0m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $609k to $1.6m (+164%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 864%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Northwest Brooklyn Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Pennsylvania Assistive Technology Foundation ($1.6m), Benjamin Rose TR ($1.6m) and Urban Impact Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% of the total. At year end it held assets of $26.1m against liabilities of $24.4m, net assets of $1.7m.