Dover Main Street Inc

Analysis

Dover Main Street Inc is a registered charity in United States, based in Dover, NH. It received its IRS tax-exemption ruling in July 2001, 25 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, Dover Main Street Inc reported income of $52k and spending of $37k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $75k to $52k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dover Main Street Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NH. Charities of a similar size with the same main cause include Meigs Youth Center ($52k), Norfolk Community Association Inc ($52k) and Steel Valley Enterprise Zone Corp ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.