Greater Port Washington Business Improvement District Assoc Inc

Analysis

Greater Port Washington Business Improvement District Assoc Inc is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in July 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 December 2023, Greater Port Washington Business Improvement District Assoc Inc reported income of $261k and spending of $255k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $261k (+28%), an average of +6.3% a year. 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, Greater Port Washington Business Improvement District Assoc Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Hudson Cultural Alliance Inc ($261k), Spoon River Partnership for Economic Development ($261k) and Old Town Commercial Association ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $60k (24% of expenses). At year end it held assets of $329k against liabilities of $14k, net assets of $316k. It reported 1 employees.