34th Street Partnership Inc

Analysis

34th Street Partnership Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1992, 34 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, 34th Street Partnership Inc reported income of $14.5m and spending of $14.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $14.5m (+3.7%), an average of +0.9% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 34th Street Partnership Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Jobworks Inc ($14.5m), New Jersey Community Development Corporation Inc ($14.6m) and Marshall Project Inc ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.1m (7.5% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $13.4m against liabilities of $5.9m, net assets of $7.6m. It reported 207 employees.