Belmont District Management Association Inc

Analysis

Belmont District Management Association Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 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 2024, Belmont District Management Association Inc reported income of $687k and spending of $675k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $609k to $687k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. 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, Belmont District Management Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Rotary Club of Fresno Foundation ($687k), One Hope Tulsa Inc ($687k) and Titusville Community Development Services Inc ($687k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $89k (13% of expenses). Other salaries and wages came to $62k. At year end it held assets of $891k against liabilities of $362k, net assets of $529k. It reported 2 employees.