Brownstone Gardens Inc

Analysis

Brownstone Gardens Inc is a registered charity in United States, based in E Longmeadow, MA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Brownstone Gardens Inc reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $168k to $1.8m (+987%), an average of +122% a year. The sharpest change came in the year to December 2021, when income rose by 866%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brownstone Gardens Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Bhap Housing Development Fund Co ($1.8m), Greenville Re-Development Coproration ($1.8m) and Texas Retired Teachers Residence Corporation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. At year end it held assets of $13.3m against liabilities of $12.3m, net assets of $948k.