Goffstown Main Street Program Inc

Analysis

Goffstown Main Street Program Inc is a registered charity in United States, based in Goffstown, NH. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Goffstown Main Street Program Inc reported income of $54k and spending of $72k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $54k (+9.7%), an average of +9.7% a year. Over the whole period it spent 129% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goffstown Main Street Program Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within NH. Charities of a similar size with the same main cause include South Brunswick Islands Rotary Foundation ($54k), Quincy Main Street Inc ($54k) and Illinois River Area Community Organization ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 76% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.