Myrtle Avenue Brooklyn District Management Association Inc

Analysis

Myrtle Avenue Brooklyn District Management Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2015, 11 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, Myrtle Avenue Brooklyn District Management Association Inc reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $692k to $1.3m (+92%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Myrtle Avenue Brooklyn District Management Association Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Northeast South Dakota Economic Corporation ($1.3m), Women Networking in Electronic Transactions ($1.3m) and Landmarks Community Capital Corporation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $100k (8.3% of expenses). Other salaries and wages came to $278k. At year end it held assets of $978k against liabilities of $336k, net assets of $642k. It reported 6 employees.