86th Street Bay Ridge District Management Association Inc

Analysis

86th Street Bay Ridge District Management Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2003, 23 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, 86th Street Bay Ridge District Management Association Inc reported income of $366k and spending of $357k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $294k to $366k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 86th Street Bay Ridge District Management Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Philadelphia Area Jobs with Justice ($365k), Michigan Retailers Foundation ($366k) and Live Free or Die Alliance ($365k).

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 $45k (13% of expenses). At year end it held assets of $324k against liabilities of $166k, net assets of $158k.