Brooklyn on Fun Association USA Inc

Analysis

Brooklyn on Fun Association USA Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 on Fun Association USA Inc reported income of $141k and spending of $57k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $141k (+499%), an average of +56% a year. The sharpest change came in the year to December 2021, when income rose by 1667%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brooklyn on Fun Association USA Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Baltimore Rotary Foundation Inc ($141k), Soaring Eage Community Development Corp ($141k) and Friends of Residential Treasures LA ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $10k (18% of expenses). At year end it held assets of $158k against liabilities of $101k, net assets of $57k. It reported 1 employees.