Waterbury Main Street Inc

Analysis

Waterbury Main Street Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Waterbury Main Street Inc reported income of $121k and spending of $96k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $94k to $121k (+30%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterbury Main Street Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include Georgia Rotary Districts Character Education Program ($121k), Portola Valley Parent Teacher Oranization ($121k) and Miami Dade Chamber of Commerce Foundation Inc ($121k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $1,575. At year end it held assets of $61k against liabilities of $19k, net assets of $42k.