Brownsville Think Tank Matters

Analysis

Brownsville Think Tank Matters is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brownsville Think Tank Matters reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $600k to $2.4m (+306%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brownsville Think Tank Matters sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Training Resources of America Inc ($2.4m), Fifth Street Renaissance ($2.4m) and Community Economic Development Fund Foundation Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $252k (9.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $627k. It reported 58 employees.