Merrill Park Civic Association of Springfield Gardens Inc

Analysis

Merrill Park Civic Association of Springfield Gardens Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in March 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Merrill Park Civic Association of Springfield Gardens Inc reported income of $1.4m and spending of $1.5m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $908k to $1.4m (+59%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merrill Park Civic Association of Springfield Gardens Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include National Wheelchair Basketball Association ($1.4m), Spanish American Merchants Association ($1.4m) and Presbyterian Homes of South Florida Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Other salaries and wages came to $924k. At year end it held assets of $307k against liabilities of $311k, net assets of -$4,093. It reported 35 employees.