Browning Development Inc

Analysis

Browning Development Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2024, Browning Development Inc reported income of $109k and spending of $144k, spending 132% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $98k to $109k (+10%), an average of +10% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Browning Development Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 44th percentile within SC. Charities of a similar size with the same main cause include Iona House Corporation ($109k), Riordan School Addition Housing Development Fund Company Inc ($109k) and Franciscan Brothers of Christ the King ($109k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $286k against liabilities of $702k, net assets of -$417k.