Community Improvement
(S30)
IRS Verified
DX Registered
990 on File
HUB-THIRD AVE MERCHANTS DISTRICT MANAGEMENT ASSOCIATION INC
Financial strength (30%)
48/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Third Avenue Business Improvement District, established in 1988, promotes the growth, vitality and visibility of the Bronx’s most trafficked commercial corridor. The organization is the Bronx’s oldest business improvement district and serves over 200,000 individuals daily. The BID’s mission is to keep one of NYC’s most trafficked shopping districts clean, safe, and attractive to businesses, workers, community residents, and visitors. Our programs include economic development and retail services, sanitation and security departments that augment the city’s own services, streetscape improvements, horticulture installations, event planning, and Visitor Services.
Financial Overview — FY 2024
$466K
Total Revenue
$280K
Total Expenses
$70K
Net Assets
6
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
38.6%
Fundraising Efficiency
N/A
Operating Reserve
3.01x
Liability-to-Asset
14.0%
Revenue Diversification
100.0%
Executive Compensation
$37K
Compared with Peers
FY 2024
Compared with 4,285 similar organizations
(United States, Community Improvement, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
38.6% | 83.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
56.2% | 13.2% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.0 mo | 11.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
14.0% | 3.1% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 92.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-27.0% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-64.5% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
40.0% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $466K | $280K | $70K | 38.6% | 6 |
| 2023 | $639K | $788K | $-116,551 | 44.2% | 15 |
| 2022 | $852K | $1.0M | $33K | 54.5% | 14 |
| 2021 | $1.4M | $1.5M | N/A | — | 19 |
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