Borbone Brigante Inc

Analysis

Borbone Brigante Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2023, 3 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 2022, Borbone Brigante Inc reported income of $53k and spending of $76k, spending 142% of what it took in. Across the 2 years on record, from December 2020 to December 2022, income grew from $39k to $53k (+36%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 126% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Borbone Brigante Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Livable Wage Jobs Inc ($53k), Association of Educational Service Agencies Foundation ($54k) and Working Film Establishment ($53k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $4,156 against liabilities of $6,882, net assets of -$2,726.