Business Capacity Development Alliance Inc

Analysis

Business Capacity Development Alliance Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 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 (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, Business Capacity Development Alliance Inc reported income of $356k and spending of $295k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.0m to $356k (-65%), an average of -29% a year. The sharpest change came in the year to December 2023, when income rose by 40888%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Capacity Development Alliance Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include South Boston Community Development Foundation Inc ($355k), National Latina Business Women Asso Ciation - Ie Institute ($356k) and East Somerville Main Street Inc ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $38k. At year end it held assets of $258k against liabilities of $8,300, net assets of $250k.