Forest Avenue District Management Association Inc

Analysis

Forest Avenue District Management Association Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in May 2007, 19 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, Forest Avenue District Management Association Inc reported income of $218k and spending of $204k, spending 93% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $174k to $218k (+25%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forest Avenue District Management Association Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Jeffersonville Main Street Inc ($218k), Start Fort Wayne Inc ($218k) and Miller Red Barn Association ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. At year end it held assets of $215k against liabilities of $106k, net assets of $109k.