Flatiron 23 Rd Street Partnershipdistrict Management Association Inc
Flatiron 23 Rd Street Partnership shows strong revenue growth and no reported officer compensation over the past decade.
EIN: 204850064 · New York, NY · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $6.1M |
| Program Spending | 85% |
| Net Assets | $4.9M |
| Transparency Score | 90/100 |
Is Flatiron 23 Rd Street Partnershipdistrict Management Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flatiron 23 Rd Street Partnershipdistrict Management Association Inc
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc (EIN: 204850064) is a nonprofit organization based in New York, NY, classified under NTEE code S20. The organization reported total revenue of $7.3M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flatiron 23 Rd Street Partnershipdistrict Management Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $6.1M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $6.2M |
| Total Liabilities | $1.3M |
| Net Assets | $4.9M |
| Operating Margin | 17.0% |
| Debt-to-Asset Ratio | 21.5% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Flatiron 23 Rd Street Partnershipdistrict Management Association Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 21.5% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Flatiron 23 Rd Street Partnershipdistrict Management Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.4% | +20.0% | +52.3% |
| 2022 | +62.4% | +47.4% | +40.9% |
| 2021 | +4.4% | +0.1% | +18.9% |
| 2020 | +6.4% | +4.2% | +12.5% |
| 2019 | +18.3% | +1.9% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flatiron 23 Rd Street Partnershipdistrict Management Association Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Flatiron 23 Rd Street Partnershipdistrict Management Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.5%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings from 2014 to 2023, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Flatiron 23 Rd Street Partnershipdistrict Management Association Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other expense categories or leadership is entirely volunteer, warranting further investigation for clarity.
Strengths
The following positive indicators were identified for Flatiron 23 Rd Street Partnershipdistrict Management Association Inc:
- Consistent and significant revenue growth, increasing from $2,743,642 in 2014 to $7,394,782 in 2023.
- Strong asset accumulation, growing from $1,761,577 in 2014 to $6,231,827 in 2023, indicating financial stability.
- Positive net income in most recent years, such as $1,254,643 in 2023 and $1,127,399 in 2022, demonstrating financial sustainability.
- No reported officer compensation across all filings, suggesting a high proportion of funds are directed towards programs or volunteer leadership.
- Manageable liabilities relative to assets, indicating responsible financial management.
Frequently Asked Questions about Flatiron 23 Rd Street Partnershipdistrict Management Association Inc
Is Flatiron 23 Rd Street Partnershipdistrict Management Association Inc a legitimate charity?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc (EIN: 204850064) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $7.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Flatiron 23 Rd Street Partnershipdistrict Management Association Inc spend its money?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Flatiron 23 Rd Street Partnershipdistrict Management Association Inc tax-deductible?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc is registered as a tax-exempt nonprofit (EIN: 204850064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Flatiron 23 Rd Street Partnershipdistrict Management Association Inc's spending goes to programs?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Flatiron 23 Rd Street Partnershipdistrict Management Association Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Flatiron 23 Rd Street Partnershipdistrict Management Association Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Flatiron 23 Rd Street Partnershipdistrict Management Association Inc located?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc is headquartered in New York, New York and files with the IRS under EIN 204850064. It is classified under NTEE code S20.
How many years of IRS 990 filings does Flatiron 23 Rd Street Partnershipdistrict Management Association Inc have?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.3M in total revenue.
Is Flatiron 23 Rd Street Partnershipdistrict Management Association Inc a good charity?
Based on its financial data, the organization appears to be a good charity. It demonstrates strong revenue growth, healthy asset accumulation, and a notable absence of reported officer compensation, suggesting efficient use of funds and a focus on its mission.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $2,743,642 in 2014 to $7,394,782 in 2023, representing a substantial increase of over 169%.
What is the trend in the organization's assets?
Assets have consistently grown, from $1,761,577 in 2014 to $6,231,827 in 2023, indicating strong financial health and increasing capacity.
Does the organization pay its officers?
According to all available IRS 990 filings from 2014 to 2023, the organization reported 0% officer compensation, meaning no salaries were paid to officers during these periods.
Filing History
IRS 990 filing history for Flatiron 23 Rd Street Partnershipdistrict Management Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Flatiron 23 Rd Street Partnershipdistrict Management Association Inc's revenue has grown by 269.5%, moving from $2.0M to $7.4M. Total assets increased by 314.1% over the same period, from $1.5M to $6.2M. Total functional expenses rose by 207.8%, from $2.0M to $6.1M. In its most recent filing year (2023), Flatiron 23 Rd Street Partnershipdistrict Management Association Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $6.2M in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $6.1M | $6.2M | $1.3M | — | — |
| 2022 | $6.2M | $5.1M | $4.1M | $442K | — | View 990 |
| 2021 | $3.8M | $3.5M | $2.9M | $381K | — | View 990 |
| 2020 | $3.7M | $3.5M | $2.4M | $294K | — | View 990 |
| 2019 | $3.5M | $3.3M | $2.2M | $237K | — | View 990 |
| 2018 | $2.9M | $3.3M | $2.0M | $209K | — | View 990 |
| 2017 | $2.9M | $3.0M | $2.3M | $156K | — | View 990 |
| 2016 | $2.9M | $2.8M | $2.3M | $146K | — | View 990 |
| 2015 | $3.1M | $2.6M | $2.3M | $169K | — | View 990 |
| 2014 | $2.7M | $2.6M | $1.8M | $181K | — | View 990 |
| 2013 | $2.3M | $2.3M | $1.6M | $192K | — | View 990 |
| 2012 | $2.0M | $2.0M | $1.5M | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $6.1M, and assets of $6.2M (revenue +18.4% year-over-year).
- 2022: Revenue of $6.2M, expenses of $5.1M, and assets of $4.1M (revenue +62.4% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.5M, and assets of $2.9M (revenue +4.4% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.5M, and assets of $2.4M (revenue +6.4% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.3M, and assets of $2.2M (revenue +18.3% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.3M, and assets of $2.0M (revenue +1.7% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.0M, and assets of $2.3M (revenue -1.5% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $2.3M (revenue -7.0% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.6M, and assets of $2.3M (revenue +14.4% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.6M, and assets of $1.8M (revenue +17.3% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $1.6M (revenue +16.9% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flatiron 23 Rd Street Partnershipdistrict Management Association Inc:
Data Sources and Methodology
This transparency report for Flatiron 23 Rd Street Partnershipdistrict Management Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.