Steinway Street District Management Association Inc

Analysis

Steinway Street District Management Association Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in October 1997, 29 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, Steinway Street District Management Association Inc reported income of $596k and spending of $481k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $410k to $596k (+45%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Steinway Street 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 North Fork Community Development ($595k), College Area Economic Development Corporation ($596k) and Nicb Foundation ($595k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. At year end it held assets of $488k against liabilities of $19k, net assets of $468k.