Brownicity

Analysis

Brownicity is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in April 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brownicity reported income of $61k and spending of $83k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $61k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brownicity 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 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Dayton Sewing Collaborative ($61k), Weeki Wachee Swamp Festival Inc ($61k) and Rotary Club of Fort Collins - After Work ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.