Friends of Brookside Gardens Inc

Analysis

Friends of Brookside Gardens Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in December 1996, 30 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 March 2023, Friends of Brookside Gardens Inc reported income of $117k and spending of $126k, spending 108% of what it took in. Across the 3 years on record, from March 2020 to March 2023, income fell from $215k to $117k (-46%), an average of -26% a year. The sharpest change came in the year to March 2022, when income dropped by 27%. Over the whole period it spent 43% 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 Brookside Gardens Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Texas Aggie Rodeo Incorporated ($117k), Howard Community Healthcare Foundation Inc ($117k) and Hankele Memorial Fund ($117k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $466k against liabilities of $250, net assets of $466k.