North Brooklyn Coalition of Neighbors Helping Neighbors

Analysis

North Brooklyn Coalition of Neighbors Helping Neighbors is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, North Brooklyn Coalition of Neighbors Helping Neighbors reported income of $500k and spending of $454k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $500k (+72%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Brooklyn Coalition of Neighbors Helping Neighbors sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Wayne Winfield Area Youth Family Services ($500k), First Baptist Childrens Academy Inc ($500k) and Dream Center of Hampton Roads ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $138k (30% of expenses). Other salaries and wages came to $85k. At year end it held assets of $717k against liabilities of $12k, net assets of $706k. It reported 6 employees.