Atlantic Avenue Association Local Development

Analysis

Atlantic Avenue Association Local Development is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Atlantic Avenue Association Local Development reported income of $456k and spending of $396k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $456k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Avenue Association Local Development sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Moscow Volunteer Fire & Hose Company ($456k), Habitat for Humanity International Inc ($456k) and Nurses on Boards Coalition ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $149k. At year end it held assets of $400k against liabilities of $199k, net assets of $201k. It reported 4 employees.