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Brooklyn Alliance Inc

EIN 11-2145956 · Brooklyn, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak44 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE PURPOSE OF THE BROOKLYN ALLIANCE, INC. IS TO LEVERAGE BROOKLYN CHAMBER OF COMMERCE, INC. RESOURCES IN ORDER TO PROMOTE ECONOMIC, COMMUNITY, BUSINESS AND WORKFORCE DEVELOPMENT AND IMPROVE THE QUALITY OF LIFE THROUGHOUT THE BOROUGH OF BROOKLYN, NEW YORK.

Income
$6.3 million
Spending
$6.5 million
Spent on programs
76%
Reserves
0.1 months of spending
Largest source of income
government grants, 78%
Employees
57
Volunteers
17
Highest pay
$350,337, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 44 out of 100. Higher than 14% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.1 months of spending.

  • Debt

    2 of 20

    It owes 95% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 2% of income.

  • Income trend

    15 of 15

    Income rose 2% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    17 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (6)
  1. $2.9 million spent. COMMUNITY/ECONOMIC DEVELOPMENT - THROUGH A COMBINATION OF ORGANIZATION FUNDS, CORPORATE CONTRIBUTIONS AND GOVERNMENT GRANTS, THE ORGANIZATION MAINTAINS VARIOUS COMMUNITY PROGRAMS TO IMPROVE BROOKLYN'S QUALITY-OF-LIFE & STIMULATE ITS ECONOMY.
  2. $765,002 spent. BROOKLYN MADE STORE - THE MISSION OF THE STORE IS TO IDENTIFY AND PROMOTE DESIGNERS, MAKERS, ENTREPRENEURS, MOSTLY FROM COMMUNITIES OF COLOR, WHO EMBODY ESSENCE OF WHAT IT MEANS TO BE BROOKLYN, AS REPRESENTED THROUGH THEIR UNIQUE PRODUCTS.
  3. $596,376 spent. BUSINESS SOLUTION CENTER - AN INITIATIVE OF NYC DEPARTMENT OF SMALL BUSINESS SERVICES (DSBS) TO PROMOTE DEVELOPMENT AND ECONOMIC WELL-BEING OF GROWING BUSINESSES BY ANSWERING QUESTIONS, OFFERING CLASSES, AND ASSISTING WITH OBTAINING LOANS AND LEVERAGING GOVERMENT AND COMMUNITY RESOURCES.
  4. $228,717 spent. BROOKLYN GOES GLOBAL - CREATES AND ENHANCES JOB AND ECONOMIC DEVELOPMENT IN BROOKLYN BY PROMOTING DOMESTIC AND INTERNATIONAL TRADE PARTNERSHIPS.
  5. $348,475 spent. MEMBERSHIP EVENTS
  6. $6,128 spent. MICRO LOANS

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1968.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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