Brothers Redevelopment Inc

Analysis

Brothers Redevelopment Inc is a registered charity in United States, based in Edgewater, CO. It received its IRS tax-exemption ruling in July 1973, 53 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Brothers Redevelopment Inc reported income of $26.1m and spending of $24.0m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.4m to $26.1m (+254%), an average of +37% a year. The sharpest change came in the year to September 2021, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brothers Redevelopment Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Connecticut Foundation Solutions Indemnity Company Inc ($26.1m), Friends of Faith Retirement Homes Inc ($26.2m) and One Vision ($26.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $172k (0.7% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $45.1m against liabilities of $25.1m, net assets of $20.0m. It reported 130 employees.