Washington HGTS Business Improvement Dist Mgment Assoc Inc

Analysis

Washington HGTS Business Improvement Dist Mgment Assoc Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 2024, Washington HGTS Business Improvement Dist Mgment Assoc Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $889k to $1.1m (+20%), an average of +3.6% a year. The sharpest change came in the year to June 2024, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Washington HGTS Business Improvement Dist Mgment Assoc 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 Decatur-Morgan County Entrepreneurial Center Inc ($1.1m), Central Valley Workers Center ($1.1m) and The Arc Noble County Foundations Incorporated ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $115k (11% of expenses). At year end it held assets of $161k against liabilities of $80k, net assets of $81k. It reported 2 employees.