Brookside Community Development Corporation

Analysis

Brookside Community Development Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2016, 10 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 (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, Brookside Community Development Corporation reported income of $1.3m and spending of $1.7m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $933k to $1.3m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookside Community Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include East Salem Homes Inc ($1.3m), Ocean City 2406 Inc ($1.3m) and Hancock Residential Center Non- Profit Housing Corporation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $28k (1.6% of expenses). Other salaries and wages came to $633k. At year end it held assets of $2.7m against liabilities of $218k, net assets of $2.4m. It reported 52 employees.