Simpson Street Development Association Inc

Analysis

Simpson Street Development Association Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Simpson Street Development Association Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $1.1m (-5.7%), an average of -1.9% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Simpson Street Development Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Tile Marble and Terrazzo Joint Apprenticeship Training Committee ($1.1m), Ngage New Mexico ($1.1m) and Transportation Choices Coalition ($1.1m).

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 $110k (10% of expenses). Other salaries and wages came to $777k. At year end it held assets of $245k against liabilities of $269k, net assets of -$24k. It reported 40 employees.