Brownsville Partnership Inc

Analysis

Brownsville Partnership Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2020, 6 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, Brownsville Partnership Inc reported income of $1.8m and spending of $2.4m, spending 135% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $924k to $1.8m (+92%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brownsville Partnership 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 82nd percentile within NY. Charities of a similar size with the same main cause include Housing Whitefish Inc ($1.8m), Housing Opportunities Inc ($1.8m) and Mainstream Housing Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $127k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $994k against liabilities of $1.9m, net assets of -$883k. It reported 31 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.