The Midtown Management Group Inc

Analysis

The Midtown Management Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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, The Midtown Management Group Inc reported income of $2.2m and spending of $2.4m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.2m (+16%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Midtown Management Group Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Kingsley Association ($2.2m), Bulverde Area Humane Society ($2.2m) and Operation Second Chance Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $205k (8.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $632k, net assets of $1.6m. It reported 132 employees.