Metrotech Area District Management Association Inc

Analysis

Metrotech Area District Management Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1994, 32 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, Metrotech Area District Management Association Inc reported income of $5.5m and spending of $4.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metrotech Area District Management Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Altoona-Blair County Development Corporation ($5.5m), Ravalli Services Corporation ($5.5m) and Vocational Guidance Services ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.4m against liabilities of $500k, net assets of $3.9m.