Placemaking Fund

Analysis

Placemaking Fund is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2019, 7 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Placemaking Fund reported income of $125k and spending of $272k, spending 218% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $218k to $125k (-43%), an average of -13% a year. The sharpest change came in the year to May 2021, when income rose by 193%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Placemaking Fund sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Authentic Development Agency International Inc ($125k), Brush Creek Enterprise Center Inc ($125k) and Highland Park Quality of Life Foundation Inc ($125k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 56% and program service revenue 70% of the total. Other salaries and wages came to $143k. At year end it held assets of $1.1m against liabilities of $95k, net assets of $997k. It reported 2 employees.