Meatpacking District Management Association Inc

Analysis

Meatpacking District Management Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2017, 9 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, Meatpacking District Management Association Inc reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.6m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. 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, Meatpacking District Management Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Hampton Roads Economic Development Alliance ($3.6m), Pie Ranch ($3.6m) and Community Capacity Development Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $289k (8.0% of expenses). Other salaries and wages came to $399k. At year end it held assets of $4.4m against liabilities of $741k, net assets of $3.6m. It reported 6 employees.