Times Square District Management Association
Times Square District Management Association maintains stable finances with no reported officer compensation.
EIN: 133627527 · New York, NY · NTEE: Z99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.2M |
| Total Expenses | $26.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $25M |
| Net Assets | $15.4M |
| Transparency Score | 85/100 |
Is Times Square District Management Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Times Square District Management Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Times Square District Management Association
Times Square District Management Association (EIN: 133627527) is a nonprofit organization based in New York, NY, classified under NTEE code Z99Z. The organization reported total revenue of $31.2M and total assets of $23.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Times Square District Management Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Times Square District Management Association is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.9M |
| Total Expenses | $26.0M |
| Surplus / Deficit | $-134,768 |
| Total Assets | $23.0M |
| Total Liabilities | $7.7M |
| Net Assets | $15.4M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 33.2% |
| Months of Reserves | 10.6 months |
Financial Health Grade: B
In 2023, Times Square District Management Association reported a deficit of $135K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 33.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Times Square District Management Association's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.6% | +0.4% | +24.8% |
| 2022 | +29.3% | +28.9% | +0.4% |
| 2021 | -1.1% | -7.1% | +16.3% |
| 2020 | -2.7% | -2.8% | +15.8% |
| 2019 | +9.9% | +2.2% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Times Square District Management Association with a Mission Score of 85 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, Times Square District Management Association 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 deficit of $135K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.2%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of this size ($25M+ in annual expenses) and suggests that executive compensation may be reported under different categories or is entirely absent, which would be a significant positive for program efficiency.
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 Times Square District Management Association's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, potentially obscuring executive pay structures.
Strengths
The following positive indicators were identified for Times Square District Management Association:
- Consistent growth in assets, from $11.2M in 2014 to $23M in 2023, demonstrating financial stability.
- Healthy asset-to-liability ratio, with assets of $23,022,475 significantly exceeding liabilities of $7,651,253 in the latest period.
- No reported officer compensation across all filings, suggesting high efficiency or alternative compensation structures.
- Stable revenue generation, consistently in the $20-30 million range over the past decade.
Frequently Asked Questions about Times Square District Management Association
Is Times Square District Management Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Times Square District Management Association (EIN: 133627527) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Times Square District Management Association spend its money?
Times Square District Management Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Times Square District Management Association tax-deductible?
Times Square District Management Association is registered as a tax-exempt nonprofit (EIN: 133627527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Times Square District Management Association CEO make?
Times Square District Management Association's highest-compensated officer earns $25M annually. The organization reported $31.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Times Square District Management Association's spending goes to programs?
Times Square District Management Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Times Square District Management Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Times Square District Management Association is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Times Square District Management Association located?
Times Square District Management Association is headquartered in New York, New York and files with the IRS under EIN 133627527. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Times Square District Management Association have?
Times Square District Management Association has 13 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 $31.2M in total revenue.
How does the Times Square District Management Association manage executive compensation if 0% is reported?
The consistent reporting of 0% officer compensation on the 990s for an organization with over $25 million in annual expenses is atypical. It suggests that executive compensation might be categorized differently within the financial statements (e.g., as salaries for key employees not classified as 'officers' for 990 purposes) or that the organization truly operates without paid officers, which would be a remarkable efficiency.
What is the trend in the organization's net assets?
The organization's net assets have shown a positive trend, increasing from $11,295,777 in 201406 to $23,022,475 in 202306, indicating sound financial management and growth in its financial reserves.
Is the organization consistently operating at a surplus?
While the organization has experienced periods of both surpluses (e.g., 202206 with $28M revenue vs $25.9M expenses) and slight deficits (e.g., 202306 with $25.8M revenue vs $26M expenses), its overall financial health remains strong, as evidenced by its growing asset base.
Filing History
IRS 990 filing history for Times Square District Management Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Times Square District Management Association's revenue has grown by 65.9%, moving from $15.6M to $25.9M. Total assets increased by 262.2% over the same period, from $6.4M to $23.0M. Total functional expenses rose by 84.7%, from $14.1M to $26.0M. In its most recent filing year (2023), Times Square District Management Association reported a deficit of $135K, with expenses exceeding revenue. The organization holds $7.7M in liabilities against $23.0M in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.9M | $26.0M | $23.0M | $7.7M | — | View 990 |
| 2022 | $28.0M | $25.9M | $18.5M | $3.1M | — | View 990 |
| 2021 | $21.7M | $20.1M | $18.4M | $3.5M | — | View 990 |
| 2020 | $21.9M | $21.6M | $15.8M | $3.3M | — | View 990 |
| 2019 | $22.5M | $22.3M | $13.7M | $1.4M | — | View 990 |
| 2018 | $20.5M | $21.8M | $13.3M | $1.3M | — | View 990 |
| 2017 | $18.1M | $19.6M | $14.3M | $1.0M | — | View 990 |
| 2016 | $18.3M | $18.8M | $15.8M | $1.0M | — | View 990 |
| 2015 | $22.4M | $17.3M | $16.5M | $1.3M | — | View 990 |
| 2014 | $18.3M | $16.9M | $11.3M | $1.2M | — | View 990 |
| 2013 | $17.3M | $15.5M | $10.0M | $1.3M | — | View 990 |
| 2012 | $16.4M | $15.2M | $8.3M | $1.4M | — | View 990 |
| 2011 | $15.6M | $14.1M | $6.4M | $710K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.9M, expenses of $26.0M, and assets of $23.0M (revenue -7.6% year-over-year).
- 2022: Revenue of $28.0M, expenses of $25.9M, and assets of $18.5M (revenue +29.3% year-over-year).
- 2021: Revenue of $21.7M, expenses of $20.1M, and assets of $18.4M (revenue -1.1% year-over-year).
- 2020: Revenue of $21.9M, expenses of $21.6M, and assets of $15.8M (revenue -2.7% year-over-year).
- 2019: Revenue of $22.5M, expenses of $22.3M, and assets of $13.7M (revenue +9.9% year-over-year).
- 2018: Revenue of $20.5M, expenses of $21.8M, and assets of $13.3M (revenue +13.5% year-over-year).
- 2017: Revenue of $18.1M, expenses of $19.6M, and assets of $14.3M (revenue -1.6% year-over-year).
- 2016: Revenue of $18.3M, expenses of $18.8M, and assets of $15.8M (revenue -18.1% year-over-year).
- 2015: Revenue of $22.4M, expenses of $17.3M, and assets of $16.5M (revenue +22.2% year-over-year).
- 2014: Revenue of $18.3M, expenses of $16.9M, and assets of $11.3M (revenue +5.7% year-over-year).
- 2013: Revenue of $17.3M, expenses of $15.5M, and assets of $10.0M (revenue +5.5% year-over-year).
- 2012: Revenue of $16.4M, expenses of $15.2M, and assets of $8.3M (revenue +5.3% year-over-year).
- 2011: Revenue of $15.6M, expenses of $14.1M, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Times Square District Management Association:
Data Sources and Methodology
This transparency report for Times Square District Management Association 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.