Brooklyn Community Foundation Inc
EIN: 421479364 · Brooklyn, IA · NTEE: T31
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $102K |
| Net Assets | $830K |
Is Brooklyn Community Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Brooklyn Community Foundation Inc
Brooklyn Community Foundation Inc (EIN: 421479364) is a nonprofit organization based in Brooklyn, IA, classified under NTEE code T31. The organization reported total revenue of $98K and total assets of $754K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Community Foundation Inc is a micro 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 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $102K |
| Surplus / Deficit | +$146K |
| Total Assets | $830K |
| Net Assets | $830K |
| Operating Margin | 58.9% |
| Months of Reserves | 98.0 months |
Financial Health Grade: A
In 2023, Brooklyn Community Foundation Inc reported a surplus of $146K with revenue exceeding expenses, holds 98.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Brooklyn Community Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +122.4% | +16.9% | +21.4% |
| 2022 | -19.4% | -41.4% | +3.7% |
| 2021 | +1.3% | +74.5% | -1.5% |
| 2020 | -50.8% | -64.2% | +8.3% |
| 2019 | +106.6% | +107.1% | +8.5% |
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 Analysis Pending
AI enrichment for Brooklyn Community Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brooklyn Community Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $146K, with revenue exceeding expenses.
Frequently Asked Questions about Brooklyn Community Foundation Inc
Is Brooklyn Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Community Foundation Inc (EIN: 421479364) insufficient data. 0 red flags identified, 0 strengths noted.
How does Brooklyn Community Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Brooklyn Community Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Brooklyn Community Foundation Inc tax-deductible?
Brooklyn Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 421479364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Brooklyn Community Foundation Inc located?
Brooklyn Community Foundation Inc is headquartered in Brooklyn, Iowa and files with the IRS under EIN 421479364. It is classified under NTEE code T31.
How many years of IRS 990 filings does Brooklyn Community Foundation Inc have?
Brooklyn Community Foundation Inc 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 $98K in total revenue.
Filing History
IRS 990 filing history for Brooklyn Community Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Community Foundation Inc's revenue has grown by 371.5%, moving from $52K to $247K. Total assets increased by 92.1% over the same period, from $432K to $830K. Total functional expenses rose by 70.2%, from $60K to $102K. In its most recent filing year (2023), Brooklyn Community Foundation Inc reported a surplus of $146K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $102K | $830K | $0 | — | — |
| 2022 | $111K | $87K | $684K | $0 | — | View 990 |
| 2021 | $138K | $148K | $659K | $0 | — | View 990 |
| 2020 | $136K | $85K | $669K | $0 | — | — |
| 2019 | $277K | $237K | $618K | $0 | — | View 990 |
| 2018 | $134K | $114K | $569K | $0 | — | View 990 |
| 2017 | $159K | $158K | $541K | $0 | — | — |
| 2016 | $107K | $132K | $540K | $0 | — | View 990 |
| 2015 | $192K | $123K | $565K | $0 | — | View 990 |
| 2014 | $151K | $38K | $497K | $0 | — | View 990 |
| 2013 | $41K | $67K | $431K | $47K | — | View 990 |
| 2012 | $128K | $41K | $457K | $47K | — | View 990 |
| 2011 | $52K | $60K | $432K | $109K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $102K, and assets of $830K (revenue +122.4% year-over-year).
- 2022: Revenue of $111K, expenses of $87K, and assets of $684K (revenue -19.4% year-over-year).
- 2021: Revenue of $138K, expenses of $148K, and assets of $659K (revenue +1.3% year-over-year).
- 2020: Revenue of $136K, expenses of $85K, and assets of $669K (revenue -50.8% year-over-year).
- 2019: Revenue of $277K, expenses of $237K, and assets of $618K (revenue +106.6% year-over-year).
- 2018: Revenue of $134K, expenses of $114K, and assets of $569K (revenue -15.6% year-over-year).
- 2017: Revenue of $159K, expenses of $158K, and assets of $541K (revenue +48.1% year-over-year).
- 2016: Revenue of $107K, expenses of $132K, and assets of $540K (revenue -44.0% year-over-year).
- 2015: Revenue of $192K, expenses of $123K, and assets of $565K (revenue +27.2% year-over-year).
- 2014: Revenue of $151K, expenses of $38K, and assets of $497K (revenue +267.7% year-over-year).
- 2013: Revenue of $41K, expenses of $67K, and assets of $431K (revenue -68.0% year-over-year).
- 2012: Revenue of $128K, expenses of $41K, and assets of $457K (revenue +144.1% year-over-year).
- 2011: Revenue of $52K, expenses of $60K, and assets of $432K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Community Foundation Inc:
Data Sources and Methodology
This transparency report for Brooklyn Community Foundation Inc 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.