Flatiron 23rd Street Partnershipdistrict Management Association Inc

Analysis

Flatiron 23rd Street Partnershipdistrict Management Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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, Flatiron 23rd Street Partnershipdistrict Management Association Inc reported income of $7.4m and spending of $6.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $7.4m (+114%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Flatiron 23rd Street Partnershipdistrict Management Association 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 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Center for the Future of Arizona ($7.4m), Alliance for Workforce Development Inc ($7.4m) and Western Washington Operating ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $135k (2.2% of expenses). Other salaries and wages came to $963k. At year end it held assets of $6.2m against liabilities of $1.3m, net assets of $4.9m. It reported 13 employees.