Bay Ridge 5th Avenue District Management Association Inc

Analysis

Bay Ridge 5th Avenue District Management Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bay Ridge 5th Avenue District Management Association Inc reported income of $701k and spending of $669k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $549k to $701k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bay Ridge 5th Avenue 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 Nahma Educational Foundation ($701k), Local 263 Cedar Rapids Sheet Metal Workers Joint Apprentice Committee ($701k) and Cdfa Foundation ($701k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $123k (18% of expenses). Other salaries and wages came to $9,986. At year end it held assets of $371k against liabilities of $31k, net assets of $340k. It reported 3 employees.