Greater Ashmont Main Street Inc

Analysis

Greater Ashmont Main Street Inc is a registered charity in United States, based in Dorchestr Ctr, MA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Greater Ashmont Main Street Inc reported income of $250k and spending of $256k, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $199k to $250k (+25%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Ashmont Main Street Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Columbia County Historical Society Inc ($250k), Zionsville Showchoirs Inc ($250k) and Huayuan Chinese Academy Inc ($250k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $99k. At year end it held assets of $143k against liabilities of $5,852, net assets of $137k. It reported 5 employees.