Bowery Residents’ Committee (BRC) is proud to receive an “A” rating from CharityWatch and a Platinum Seal of Transparency from Guidestar. BRC is also a winner of the New York Community Trust Nonprofit Excellence Awards.
Why isn’t BRC rated through Charity Navigator?
Currently, Charity Navigator only rates charities that receive 40 percent or more in revenue from individual givers. Although BRC receives more than $500,000 in support from individual givers, more than 75 percent of the organization's revenue comes from government funding. This makes BRC ineligible to be rated.
Here are Charity Navigator’s rating criteria and where BRC stands:
- Tax Status: The organization must be registered as a 501(c)(3) public charity and file a Form 990.
BRC is a 501(c)(3) not-for profit organization registered with the Internal Revenue Service/Department of the Treasury and files a Form 990 every year. To view BRC’s latest 990, click here.
- Revenue: The charity must have generated at least $1 million in revenue for two consecutive years.
BRC’s management and Board adhere to the highest standards of financial planning and oversight to ensure current and long-term fiscal stability, and professional and ethical practice. BRC has consistently generated at least $1 million in revenue for two consecutive years. In fact, per our most recent audited financials, the organization operates on a budget of more than $86 million.
- Length of Operations: The organization must have been in existence, with corresponding Forms 990, for at least seven years.
BRC has been in operation for nearly 50 years, providing housing and treatment services to homeless adults in New York City.
- Location: Charity must be based in the U.S. and registered with the IRS.
BRC is based in New York, New York and is registered with the Internal Revenue Service/Department of the Treasury.
- Public Support (private funding): The charity must have at least $500,000 in public support. Public support must account for at least 40% of total revenue for at least two consecutive years.
BRC is supported primarily through government contracts, which account for more than 75 percent of the organization’s operating revenues in the last three years.
BRC utilizes private contributions to fund important program innovations—such as our Safe Haven, Landing Road, and Chemical Dependency Crisis Center that are changing the way homelessness is addressed in our city and our field. Learn more about our programs.
Although we receive more than $500,000 in public support, it accounts for less than 10 percent of the organization’s revenue.
- Fundraising Expenses: The charity must have at least 1 percent of its expenses allocated to fundraising for three consecutive years.
As mentioned before, BRC is supported primarily through government contracts. Development and maintenance of these funding streams is subject to various federal, state and city regulations, with a highly structured environment through which funds are sourced through requests for proposals and sustained through predetermined reporting and contract renewal processes, creating a highly effective and transparent process.
Because 75 percent of BRC’s support is through government contracts, and the organization runs on a budget of $86 million, we ensure that we are utilizing these funds in the most effective way to impact the programs and services we provide. Meaning, all funds supported by government contracts are fully utilized for the programs in which they fund. In Fiscal Year 2017 (FY17), BRC’s fundraising expenses accounted for 0.45 percent of its overall expenses. For a full picture of BRC’s accountability, download the latest Audited Financial Statement.
- Administrative Expenses: The charity must have at least 1 percent of its expenses allocated to administrative expense for three consecutive years.
As BRC’s programs and services continue to grow, so does our incredible team. Our team of more than 750 dedicated professionals is an important part of our success. We ensure our administrative expenses are adequate for the work we do. In FY17, BRC’s administrative expenses accounted for 9 percent of the organization’s overall expenses. Learn more in the latest Audited Financial Statement.