Brooklyn Alliance Capital Inc

Analysis

Brooklyn Alliance Capital Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Brooklyn Alliance Capital Inc reported income of $412k and spending of $221k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $510k to $412k (-19%), an average of -10% a year. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Alliance Capital Inc 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 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Sithub ($412k), Skippack Fire Company Inc ($412k) and Manatee County Audubon Society Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.5m against liabilities of $612k, net assets of $904k. It reported 1 employees.