Lark Street Area District Management Association Inc

Analysis

Lark Street Area District Management Association Inc is a registered charity in United States, based in Albany, 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 December 2022, Lark Street Area District Management Association Inc reported income of $109k and spending of $136k, spending 125% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $149k to $109k (-27%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lark Street Area District Management Association Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Junior League of Cedar Rapids Inc ($109k), Southeastern Utah Business and Technical Assistance Center Inc ($109k) and Social Ventures Inc ($109k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 97% of the total. At year end it held assets of $29k against liabilities of $400, net assets of $29k.