47th Street Business Improvement District Inc

Analysis

47th Street Business Improvement District Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1998, 28 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, 47th Street Business Improvement District Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+5.4%), an average of +1.3% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 47th Street Business Improvement District Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Boardman Community Development Association ($1.4m), Corporacion Para El Financiamiento Empresarial Del Comercio Y de Las ($1.4m) and Microtek Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $152k (12% of expenses). At year end it held assets of $671k against liabilities of $46k, net assets of $625k. It reported 1 employees.