Brooksby Village Inc

Analysis

Brooksby Village Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in November 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brooksby Village Inc reported income of $95.1m and spending of $99.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79.9m to $95.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brooksby Village Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Neighborhood Housing Services of the South Shore Inc ($92.5m), Baltimore Regional Housing Partnership Inc ($95.5m) and Ann S Choice Inc ($90.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $410k (0.4% of expenses). Other salaries and wages came to $31.7m. At year end it held assets of $516.8m against liabilities of $565.9m, net assets of -$49.1m. It reported 1,187 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.