Bedford Stuyvesant Restoration Corporation
Bedford Stuyvesant Restoration Corporation maintains stable assets despite recent operating deficits.
EIN: 116083182 · Brooklyn, NY · NTEE: L81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $12.8M |
| Program Spending | 80% |
| Net Assets | $25.7M |
| Transparency Score | 75/100 |
Is Bedford Stuyvesant Restoration Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bedford Stuyvesant Restoration Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bedford Stuyvesant Restoration Corporation
Bedford Stuyvesant Restoration Corporation (EIN: 116083182) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L81Z. The organization reported total revenue of $10.7M and total assets of $58.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bedford Stuyvesant Restoration Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bedford Stuyvesant Restoration Corporation is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.7M |
| Total Expenses | $12.8M |
| Surplus / Deficit | $-3,123,615 |
| Total Assets | $63.0M |
| Total Liabilities | $37.3M |
| Net Assets | $25.7M |
| Operating Margin | -32.4% |
| Debt-to-Asset Ratio | 59.2% |
| Months of Reserves | 59.1 months |
Financial Health Grade: C
In 2023, Bedford Stuyvesant Restoration Corporation reported a deficit of $3.1M with expenses exceeding revenue, holds 59.1 months of operating reserves (strong position), has a debt-to-asset ratio of 59.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bedford Stuyvesant Restoration Corporation's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.4% | +8.4% | -3.1% |
| 2022 | -4.8% | +13.4% | -2.9% |
| 2021 | -2.2% | -3.9% | +2.4% |
| 2020 | -5.5% | -5.8% | +6.8% |
| 2019 | -1.4% | -4.6% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bedford Stuyvesant Restoration Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bedford Stuyvesant Restoration Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.2%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size and suggests that executive compensation may be reported under other expense categories or is not paid to officers, which requires further scrutiny for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bedford Stuyvesant Restoration Corporation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202306: $12.7M expenses vs. $9.6M revenue; 202206: $11.7M expenses vs. $10.4M revenue)
- Unclear executive compensation reporting with 0% officer compensation across all filings, warranting further investigation.
Strengths
The following positive indicators were identified for Bedford Stuyvesant Restoration Corporation:
- Strong and stable asset base, consistently above $58 million, providing financial resilience.
- Long history of IRS 990 filings (13 filings), indicating established operations and regulatory compliance.
- Consistent revenue generation over a decade, generally between $10-12 million annually.
Frequently Asked Questions about Bedford Stuyvesant Restoration Corporation
Is Bedford Stuyvesant Restoration Corporation a legitimate charity?
Bedford Stuyvesant Restoration Corporation (EIN: 116083182) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.7M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Bedford Stuyvesant Restoration Corporation spend its money?
Bedford Stuyvesant Restoration Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bedford Stuyvesant Restoration Corporation tax-deductible?
Bedford Stuyvesant Restoration Corporation is registered as a tax-exempt nonprofit (EIN: 116083182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bedford Stuyvesant Restoration Corporation's spending goes to programs?
Bedford Stuyvesant Restoration Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bedford Stuyvesant Restoration Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bedford Stuyvesant Restoration Corporation is above average for NTEE category L81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bedford Stuyvesant Restoration Corporation located?
Bedford Stuyvesant Restoration Corporation is headquartered in Brooklyn, New York and files with the IRS under EIN 116083182. It is classified under NTEE code L81Z.
How many years of IRS 990 filings does Bedford Stuyvesant Restoration Corporation have?
Bedford Stuyvesant Restoration Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.7M in total revenue.
How does Bedford Stuyvesant Restoration Corporation fund its operations when expenses exceed revenue, as seen in 202306 and 202206?
The organization likely draws from its substantial asset base or utilizes restricted funds to cover operational deficits, as its assets consistently exceed $58 million.
Where is executive compensation reported if 'Officer Comp' is consistently 0%?
Executive compensation may be reported under other salary or compensation categories within the 990, or the organization may have a unique compensation structure not captured by the 'Officer Comp' line item.
What is the specific breakdown of program, administrative, and fundraising expenses for the most recent fiscal year?
This information is not provided in the summary data and would require reviewing the full IRS 990 filing for the 202306 period.
Filing History
IRS 990 filing history for Bedford Stuyvesant Restoration Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bedford Stuyvesant Restoration Corporation's revenue has declined by 26.7%, moving from $13.2M to $9.7M. Total assets increased by 181.3% over the same period, from $22.4M to $63.0M. Total functional expenses rose by 24.8%, from $10.2M to $12.8M. In its most recent filing year (2023), Bedford Stuyvesant Restoration Corporation reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $37.3M in liabilities against $63.0M in assets (debt-to-asset ratio: 59.2%), resulting in net assets of $25.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.7M | $12.8M | $63.0M | $37.3M | — | View 990 |
| 2022 | $10.4M | $11.8M | $65.0M | $36.4M | — | View 990 |
| 2021 | $11.0M | $10.4M | $67.0M | $36.2M | — | — |
| 2020 | $11.2M | $10.8M | $65.4M | $34.9M | — | — |
| 2019 | $11.9M | $11.5M | $61.2M | $33.9M | — | View 990 |
| 2018 | $12.0M | $12.0M | $60.6M | $44.8M | — | View 990 |
| 2017 | $11.9M | $11.0M | $61.7M | $45.8M | — | View 990 |
| 2016 | $11.9M | $10.9M | $59.6M | $46.3M | — | View 990 |
| 2015 | $9.9M | $10.5M | $60.4M | $48.1M | — | View 990 |
| 2014 | $9.6M | $8.9M | $61.6M | $48.7M | — | View 990 |
| 2013 | $7.3M | $8.0M | $25.1M | $12.6M | — | View 990 |
| 2012 | $10.9M | $11.7M | $22.8M | $9.6M | — | View 990 |
| 2011 | $13.2M | $10.2M | $22.4M | $8.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.7M, expenses of $12.8M, and assets of $63.0M (revenue -7.4% year-over-year).
- 2022: Revenue of $10.4M, expenses of $11.8M, and assets of $65.0M (revenue -4.8% year-over-year).
- 2021: Revenue of $11.0M, expenses of $10.4M, and assets of $67.0M (revenue -2.2% year-over-year).
- 2020: Revenue of $11.2M, expenses of $10.8M, and assets of $65.4M (revenue -5.5% year-over-year).
- 2019: Revenue of $11.9M, expenses of $11.5M, and assets of $61.2M (revenue -1.4% year-over-year).
- 2018: Revenue of $12.0M, expenses of $12.0M, and assets of $60.6M (revenue +1.2% year-over-year).
- 2017: Revenue of $11.9M, expenses of $11.0M, and assets of $61.7M (revenue +-0.0% year-over-year).
- 2016: Revenue of $11.9M, expenses of $10.9M, and assets of $59.6M (revenue +19.8% year-over-year).
- 2015: Revenue of $9.9M, expenses of $10.5M, and assets of $60.4M (revenue +3.9% year-over-year).
- 2014: Revenue of $9.6M, expenses of $8.9M, and assets of $61.6M (revenue +30.6% year-over-year).
- 2013: Revenue of $7.3M, expenses of $8.0M, and assets of $25.1M (revenue -32.9% year-over-year).
- 2012: Revenue of $10.9M, expenses of $11.7M, and assets of $22.8M (revenue -17.2% year-over-year).
- 2011: Revenue of $13.2M, expenses of $10.2M, and assets of $22.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bedford Stuyvesant Restoration Corporation:
Data Sources and Methodology
This transparency report for Bedford Stuyvesant Restoration Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.