BROOKLYN NAVY YARD DEVELOPMENT CORPORATION
141 FLUSHING AVENUE SUITE 801, BROOKLYN, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $157,153,274 | $96,745,816 | $453,909,580 |
| FY2024 | $129,560,297 | $100,677,211 | $394,261,585 |
| FY2023 | $119,270,831 | $91,268,281 | $365,507,319 |
| FY2022 | $82,249,010 | $104,694,430 | $337,702,812 |
| FY2021 | $68,378,369 | $79,383,855 | $360,148,232 |
| FY2020 | $71,410,497 | $68,759,163 | $371,153,718 |
| FY2019 | $96,557,932 | $63,691,550 | $368,502,384 |
| FY2018 | $65,420,626 | $73,537,746 | $374,746,546 |
| FY2017 | $88,827,606 | $52,871,814 | $382,863,666 |
| FY2016 | $107,141,562 | $48,585,336 | $343,645,750 |
| FY2015 | $57,630,920 | $45,362,037 | $285,089,524 |
| FY2014 | $55,514,837 | $45,937,158 | $272,820,641 |
| FY2013 | $54,368,712 | $41,481,410 | $263,242,962 |
| FY2012 | $58,831,781 | $38,709,372 | $252,169,264 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $82,218,580 | 55% |
| Program service revenue | $67,463,039 | 45% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $74,737,269 | 77% |
| Management & general | $22,008,547 | 23% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 55% of total revenue in FY2025.
- Program services accounted for 77% of functional expenses, management & general 23%, and fundraising 0%.
- 77% of functional expenses went to program services in FY2025. That is higher than 20% of 50 Community Improvement & Capacity Building organizations in NY.
- Net assets covered about 56.3 months of expenses at the end of the reporting year. That puts it in the 83rd percentile among 1708 Community Improvement & Capacity Building organizations in NY.
- Total revenue was higher than 99.9% of 1784 Community Improvement & Capacity Building organizations in NY.
- Total revenue rose from $58,831,781 in FY2012 to $157,153,274 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2018, FY2021, FY2022).
- Net assets grew from $252,169,264 to $453,909,580 between FY2012 and FY2025.
- Contributions and grants made up 47% of revenue in FY2012 and 52% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO MANAGE THE BROOKLYN NAVY YARD FOR THE CITY OF NEW YORK, SPECIFICALLY TO EXPAND JOB OPPORTUNITES FOR NEW YORKERS BY FOSTERING THE DEVELOPMENT OF SMALL BUSINESSES.
IRS status
| Ruling year | 1982 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S200 — Community Improvement & Capacity Building |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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