Brookwood Florida Inc

Analysis

Brookwood Florida Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in April 2001, 25 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 2022, Brookwood Florida Inc reported income of $1.5m and spending of $1.6m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $1.5m (+10.0%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookwood Florida Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Newset II HDFC ($1.5m), Grace Episcopal Church Jamaica Senior Citizens Housing ($1.5m) and Haddonfield Housing Agency ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $97k (6.2% of expenses). Other salaries and wages came to $683k. At year end it held assets of $2.6m against liabilities of $184k, net assets of $2.4m.