Kings Highway District Management Association Inc

Analysis

Kings Highway District Management Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2002, 24 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 2024, Kings Highway District Management Association Inc reported income of $337k and spending of $478k, spending 142% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $357k to $337k (-5.6%), an average of -1.2% a year. The sharpest change came in the year to June 2024, when income dropped by 28%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kings Highway District Management Association Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include North Carolina Business Leadership Network Inc ($337k), East End Maker Hub Qalicb Inc ($337k) and Carlisle Kiwanis Club Foundation ($337k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (17% of expenses). Other salaries and wages came to $14k. At year end it held assets of $96k against liabilities of $76k, net assets of $20k. It reported 2 employees.