Brooklyn Community Foundation
Brooklyn Community Foundation shows strong asset growth and zero reported officer compensation, despite fluctuating annual revenues.
EIN: 113422729 · Brooklyn, NY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $90.3M |
| Total Expenses | $23.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $141,980,553 |
| Net Assets | $121.7M |
| Transparency Score | 90/100 |
Is Brooklyn Community Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Community Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Community Foundation
Brooklyn Community Foundation (EIN: 113422729) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code T21. The organization reported total revenue of $90.3M and total assets of $142.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Community Foundation is a major nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $23.1M |
| Surplus / Deficit | $-14,348,347 |
| Total Assets | $124.2M |
| Total Liabilities | $2.5M |
| Net Assets | $121.7M |
| Operating Margin | -164.8% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 64.6 months |
Financial Health Grade: B
In 2023, Brooklyn Community Foundation reported a deficit of $14.3M with expenses exceeding revenue, holds 64.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brooklyn Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.9% | +48.0% | +7.1% |
| 2022 | -15.6% | +2.8% | -1.6% |
| 2021 | +465.5% | +88.7% | +56.9% |
| 2020 | -0.3% | -9.7% | -2.1% |
| 2019 | -53.5% | +2.4% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Brooklyn Community Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Brooklyn Community Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $14.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
The Brooklyn Community Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size and asset base ($141,980,553). This suggests either a volunteer-led executive team or that executive compensation is categorized differently within other expense lines, warranting further investigation 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 Brooklyn Community Foundation's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
The following positive indicators were identified for Brooklyn Community Foundation:
- Consistent growth in assets, reaching $141,980,553, indicating strong financial management and long-term sustainability.
- Very low liabilities relative to assets, demonstrating excellent financial health and minimal debt burden.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds to mission-related activities.
- Significant asset base provides a strong foundation for sustained grantmaking and community impact.
Frequently Asked Questions about Brooklyn Community Foundation
Is Brooklyn Community Foundation a legitimate charity?
Brooklyn Community Foundation (EIN: 113422729) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $90.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Brooklyn Community Foundation spend its money?
Brooklyn Community Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brooklyn Community Foundation tax-deductible?
Brooklyn Community Foundation is registered as a tax-exempt nonprofit (EIN: 113422729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brooklyn Community Foundation CEO make?
Brooklyn Community Foundation's highest-compensated officer earns $141,980,553 annually. The organization reported $90.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brooklyn Community Foundation's spending goes to programs?
Brooklyn Community Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brooklyn Community Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Brooklyn Community Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brooklyn Community Foundation located?
Brooklyn Community Foundation is headquartered in Brooklyn, New York and files with the IRS under EIN 113422729. It is classified under NTEE code T21.
How many years of IRS 990 filings does Brooklyn Community Foundation have?
Brooklyn Community Foundation 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 $90.3M in total revenue.
How does Brooklyn Community Foundation manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with assets exceeding $140 million. This could mean that executive leadership is entirely volunteer-based, or that compensation for key management personnel is reported under different expense categories (e.g., program or administrative staff salaries) rather than specifically as 'officer compensation' on the 990, which would require a deeper dive into their detailed expense schedules.
What caused the significant revenue fluctuations, such as the drop from $42,787,989 in 202106 to $8,708,861 in 202306?
Community foundations often experience fluctuating revenues due to large, infrequent donations, endowment contributions, or market performance impacting investment income. The substantial drop in revenue from 202106 to 202306 likely reflects the cyclical nature of major gifts or a less favorable investment climate in the latter period, rather than a fundamental financial instability, especially given the continued growth in assets.
Is the Brooklyn Community Foundation financially stable given the recent expense exceeding revenue?
Yes, despite expenses ($23,057,208) exceeding revenue ($8,708,861) in the 202306 period, the foundation appears financially stable. Its substantial asset base of $124,159,466 (in 202306) and very low liabilities ($2,503,102) indicate that it can strategically draw from its endowment or accumulated funds to support its programs, which is a common practice for well-established community foundations.
Filing History
IRS 990 filing history for Brooklyn Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Community Foundation's revenue has grown by 93.6%, moving from $4.5M to $8.7M. Total assets increased by 119.8% over the same period, from $56.5M to $124.2M. Total functional expenses rose by 310%, from $5.6M to $23.1M. In its most recent filing year (2023), Brooklyn Community Foundation reported a deficit of $14.3M, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $124.2M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $121.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $23.1M | $124.2M | $2.5M | — | View 990 |
| 2022 | $36.1M | $15.6M | $115.9M | $1.9M | — | View 990 |
| 2021 | $42.8M | $15.2M | $117.9M | $2.1M | — | View 990 |
| 2020 | $7.6M | $8.0M | $75.1M | $1.2M | — | View 990 |
| 2019 | $7.6M | $8.9M | $76.7M | $464K | — | View 990 |
| 2018 | $16.3M | $8.7M | $68.9M | $470K | — | View 990 |
| 2017 | $5.4M | $7.4M | $64.7M | $425K | — | View 990 |
| 2016 | $4.8M | $6.1M | $59.9M | $150K | — | View 990 |
| 2015 | $6.3M | $5.6M | $60.4M | $156K | — | View 990 |
| 2014 | $7.2M | $4.6M | $64.2M | $209K | — | View 990 |
| 2013 | $6.6M | $6.1M | $67.0M | $3.1M | — | View 990 |
| 2012 | $5.7M | $5.6M | $59.9M | $3.1M | — | View 990 |
| 2011 | $4.5M | $5.6M | $56.5M | $3.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $23.1M, and assets of $124.2M (revenue -75.9% year-over-year).
- 2022: Revenue of $36.1M, expenses of $15.6M, and assets of $115.9M (revenue -15.6% year-over-year).
- 2021: Revenue of $42.8M, expenses of $15.2M, and assets of $117.9M (revenue +465.5% year-over-year).
- 2020: Revenue of $7.6M, expenses of $8.0M, and assets of $75.1M (revenue -0.3% year-over-year).
- 2019: Revenue of $7.6M, expenses of $8.9M, and assets of $76.7M (revenue -53.5% year-over-year).
- 2018: Revenue of $16.3M, expenses of $8.7M, and assets of $68.9M (revenue +202.7% year-over-year).
- 2017: Revenue of $5.4M, expenses of $7.4M, and assets of $64.7M (revenue +11.7% year-over-year).
- 2016: Revenue of $4.8M, expenses of $6.1M, and assets of $59.9M (revenue -23.1% year-over-year).
- 2015: Revenue of $6.3M, expenses of $5.6M, and assets of $60.4M (revenue -12.9% year-over-year).
- 2014: Revenue of $7.2M, expenses of $4.6M, and assets of $64.2M (revenue +9.0% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.1M, and assets of $67.0M (revenue +16.7% year-over-year).
- 2012: Revenue of $5.7M, expenses of $5.6M, and assets of $59.9M (revenue +25.9% year-over-year).
- 2011: Revenue of $4.5M, expenses of $5.6M, and assets of $56.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Community Foundation:
Data Sources and Methodology
This transparency report for Brooklyn Community Foundation 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.