White Plains Downtown District Management Association Inc

Analysis

White Plains Downtown District Management Association Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in August 2001, 25 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, White Plains Downtown District Management Association Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $990k to $1.1m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, White Plains Downtown District Management Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Cherokee by Choice Inc ($1.1m), Mesa Foundation ($1.1m) and Metrolab Network Inc ($1.1m).

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 $95k (8.3% of expenses). Other salaries and wages came to $143k. It paid $1,710 in professional fundraising fees. At year end it held assets of $782k against liabilities of $241k, net assets of $540k. It reported 5 employees.