Brass City Residences Inc

Analysis

Brass City Residences Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Brass City Residences Inc reported income of $72k and spending of $41k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $72k (+9.1%), an average of +9.1% a year. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brass City Residences Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include Presidential Place Inc ($72k), Gilead III Inc ($72k) and Oakmont Gardens Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.