Brooklyn Bridge Manhattan

Analysis

Brooklyn Bridge Manhattan is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2023, 3 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 Bridge Manhattan reported income of $501k and spending of $280k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $31k to $501k (+1540%), an average of +305% a year. The sharpest change came in the year to December 2023, when income rose by 682%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brooklyn Bridge Manhattan sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Chehalis Tribal Loan Fund ($501k), Housing Sponsorship Corporation ($501k) and Iowa Community Capital ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (71% of expenses). It paid $8,000 in professional fundraising fees. At year end it held assets of $238k against liabilities of $5,836, net assets of $232k. It reported 1 employees.