Myrtle Avenue District Management Association Inc

Analysis

Myrtle Avenue District Management Association Inc is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Myrtle Avenue District Management Association Inc reported income of $620k and spending of $572k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $558k to $620k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Myrtle Avenue District Management Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Boston Plasterers & Cement Masons ($620k), Disabledperson Inc ($620k) and Vision Long Island ($620k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $323k against liabilities of $90k, net assets of $233k.