Downtown Brooklyn Arts Alliance Inc

Analysis

Downtown Brooklyn Arts Alliance Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Downtown Brooklyn Arts Alliance Inc reported income of $134k and spending of $129k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $117k to $134k (+15%), an average of +14% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Brooklyn Arts Alliance Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Smithfield-Preston Foundation ($134k), German Christmas Market of Oconomowoc ($134k) and The Institute of Political Leadership Inc ($134k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.