Soho Broaadway District Management Association

Analysis

Soho Broaadway District Management Association is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2015, 11 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, Soho Broaadway District Management Association reported income of $1.0m and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $940k to $1.0m (+6.8%), an average of +1.7% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Soho Broaadway District Management Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Louisiana Minority Business Council Inc ($1.0m), Capital Region Economic Developement Corporation ($1.0m) and Castle Rock Senior Center Incorporated ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $209k (19% of expenses). Other salaries and wages came to $167k. At year end it held assets of $723k against liabilities of $254k, net assets of $470k. It reported 6 employees.