Main Idea Inc

Analysis

Main Idea Inc is a registered charity in United States, based in Mamaroneck, NY. It received its IRS tax-exemption ruling in May 1969, 57 years ago. 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 December 2023, Main Idea Inc reported income of $360k and spending of $368k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $360k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Main Idea Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Research Foundation of the American Society of Colon & Rectal Surgeons ($360k), Cheshire Land Trust Inc ($360k) and LA Crosse County Historical Society ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $80k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 43 employees.