Montague Street District Management Association Inc

Analysis

Montague Street District Management Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1998, 28 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, Montague Street District Management Association Inc reported income of $292k and spending of $335k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $216k to $292k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montague Street District Management Association Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Downtown Wastington on the Waterfront ($292k), SGR Foundation ($292k) and Union Village Inc C/O Warren County Community ($292k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (18% of expenses). At year end it held assets of $144k against liabilities of $44k, net assets of $100k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.