Hyde Park Main Streets Inc

Analysis

Hyde Park Main Streets Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1996, 30 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 June 2024, Hyde Park Main Streets Inc reported income of $331k and spending of $257k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $192k to $331k (+72%), an average of +72% a year. The sharpest change came in the year to June 2024, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hyde Park Main Streets Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Capitol Civic Centre Foundation Inc ($331k), Center City of Amarillo Inc ($331k) and Stark County Regional Planning Commission Services Inc ($331k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $102k. At year end it held assets of $166k against liabilities of $1,053, net assets of $165k. It reported 2 employees.