Times Square District Management Association

Analysis

Times Square District Management Association is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Times Square District Management Association reported income of $25.9m and spending of $26.0m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $21.9m to $25.9m (+18%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Times Square District Management Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Washington Association of Sheriffs and Police Chiefs ($25.8m), Genesys Works Group Return ($25.9m) and Columbia University Retiree Medical and Life Ins Benefits TR ($25.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $1.6m (6.2% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $23.0m against liabilities of $7.7m, net assets of $15.4m. It reported 203 employees.