Hudson Square District Management Association Incorporated

Analysis

Hudson Square District Management Association Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2009, 17 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, Hudson Square District Management Association Incorporated reported income of $3.2m and spending of $2.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hudson Square District Management Association Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include The Foundation for Research on Equal Opportunity ($3.2m), Voterunlead ($3.3m) and Wayne Opportunity Center Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $403k (14% of expenses). Other salaries and wages came to $454k. At year end it held assets of $9.6m against liabilities of $15.6m, net assets of -$6.0m. It reported 8 employees.