The Downtownwaterfront Business Improvement District Inc of

Analysis

The Downtownwaterfront Business Improvement District Inc of is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, The Downtownwaterfront Business Improvement District Inc of reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Downtownwaterfront Business Improvement District Inc of sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Kites Nest Inc ($1.8m), Moore County Economic Development Partnership ($1.8m) and Safe House Project Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $124k (6.6% of expenses). Other salaries and wages came to $630k. At year end it held assets of $474k against liabilities of $49k, net assets of $425k. It reported 18 employees.