Bay Ridge Community Development Center Inc

Analysis

Bay Ridge Community Development Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bay Ridge Community Development Center Inc reported income of $910k and spending of $978k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.9m to $910k (-69%), an average of -32% a year. The sharpest change came in the year to December 2021, when income dropped by 83%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Ridge Community Development Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Coalition of Texans with Disabilities Inc ($910k), PS I Love You Ministries ($910k) and Truth in Nature Inc ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $62k (6.4% of expenses). Other salaries and wages came to $108k. At year end it held assets of $2.7m against liabilities of $679, net assets of $2.7m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.