Fordham Road District Management Association Inc

Analysis

Fordham Road District Management Association Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 2006, 20 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, Fordham Road District Management Association Inc reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+15%), an average of +3.6% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fordham Road District Management Association Inc sits at the 80th 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 78th percentile within NY. Charities of a similar size with the same main cause include Community Action Agencies ($1.2m), Near West Side Partners Inc ($1.2m) and Neighborhood Network Center Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $200k (17% of expenses). Other salaries and wages came to $120k. At year end it held assets of $573k against liabilities of $183k, net assets of $390k. It reported 4 employees.