Brooklyn Community Development

Analysis

Brooklyn Community Development is a registered charity in United States, based in Brooklyn, IA. It received its IRS tax-exemption ruling in July 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 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 2022, Brooklyn Community Development reported income of $397k and spending of $273k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $397k (-73%), an average of -35% a year. The sharpest change came in the year to December 2021, when income dropped by 75%. Over the whole period it spent 21% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brooklyn Community Development sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Child Advocacy Services Sega Inc ($397k), C3 of Northwest Alabama Inc ($397k) and Merchant Row Association Corp ($397k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 30% and program service revenue 60% of the total. Other salaries and wages came to $31k. At year end it held assets of $3.0m against liabilities of $284k, net assets of $2.7m. It reported 26 employees.