Capitol District Management Association Inc

Analysis

Capitol District Management Association Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 2011, 15 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, Capitol District Management Association Inc reported income of $544k and spending of $522k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $359k to $544k (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Capitol District Management Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Vernon Economic Development Association Inc ($544k), Milestone of TN LLC ($545k) and Philadelphia Community Development Coalition ($544k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (22% of expenses). At year end it held assets of $298k against liabilities of $40k, net assets of $258k. It reported 1 employees.