Atlantic Avenue District Management Association Inc

Analysis

Atlantic Avenue District Management Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2013, 13 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, Atlantic Avenue District Management Association Inc reported income of $510k and spending of $445k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $450k to $510k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Atlantic Avenue District Management Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Novella Center for Entrepreneurship by Conscious Venture Lab Inc ($510k), Boston Carpenters Training Center ($510k) and Somosvc ($510k).

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 $60k (14% of expenses). Other salaries and wages came to $46k. At year end it held assets of $541k against liabilities of $225k, net assets of $316k. It reported 3 employees.