Brown Community Development Corporation

Analysis

Brown Community Development Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2008, 18 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, Brown Community Development Corporation reported income of $119k and spending of $131k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $119k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brown Community Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Friends of the Rivers Inc ($118k), Joseph International Inc ($119k) and Asbestos Workers Local No 42 Apprenticeship Training Fund ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,869 against liabilities of $0, net assets of $1,869.