Madison Square Park Conservancy Inc

Analysis

Madison Square Park Conservancy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Madison Square Park Conservancy Inc reported income of $5.0m and spending of $5.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.3m to $5.0m (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Madison Square Park Conservancy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Alaska Geographic Association ($5.0m), Earth Conservancy ($5.0m) and Forterra NW ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $201k (3.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $15.2m against liabilities of $1.8m, net assets of $13.4m. It reported 60 employees.