Lower East Side District Management Corporation Inc

Analysis

Lower East Side District Management Corporation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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, Lower East Side District Management Corporation Inc reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lower East Side District Management Corporation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Christian Community Development Association ($2.0m), Mile High Workshop Inc ($2.0m) and Historic Cane Hill Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $274k (14% of expenses). Other salaries and wages came to $627k. At year end it held assets of $2.3m against liabilities of $414k, net assets of $1.9m. It reported 8 employees.