Brooklyn Communities Collaborative Inc

Analysis

Brooklyn Communities Collaborative Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2020, 6 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, Brooklyn Communities Collaborative Inc reported income of $2.0m and spending of $2.1m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.2m to $2.0m (-52%), an average of -22% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brooklyn Communities Collaborative Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Southwest Partnership Inc ($2.0m), Sacvalley Medshare ($2.0m) and Employment and Training Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.4m against liabilities of $715k, net assets of $1.7m.