Lincoln Square District Management Association Inc

Analysis

Lincoln Square District Management Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lincoln Square District Management Association Inc reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.1m (+3.0%), an average of +0.7% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lincoln Square District Management Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Southern Tier Network Inc ($3.1m), Valley Small Business Development Corporation ($3.1m) and Grand Rapids Area Community FNDTN ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $500k (17% of expenses). Other salaries and wages came to $301k. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.6m. It reported 12 employees.