Brown Foundation Community Development Corporation

Analysis

Brown Foundation Community Development Corporation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 2019, 7 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 September 2023, Brown Foundation Community Development Corporation reported income of $545k and spending of $548k, spending 101% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $15k to $545k (+3610%), an average of +3610% a year. The sharpest change came in the year to September 2023, when income rose by 3610%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brown Foundation Community Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Brunswick Housing Development Corporation ($545k), Prairie Haven Homes Ltd ($545k) and Trees of Hope ($545k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.3% of the total. At year end it held assets of $3.0m against liabilities of $2.9m, net assets of $74k.