Centre-South Main Streets Inc

Analysis

Centre-South Main Streets Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in September 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Centre-South Main Streets Inc reported income of $176k and spending of $189k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $216k to $176k (-19%), an average of -19% a year. The sharpest change came in the year to June 2024, when income dropped by 19%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centre-South Main Streets Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Jadi Habitiin Enterprise ($176k), Bixby Knolls Community Foundation ($176k) and Burrell Foundation ($176k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $85k. At year end it held assets of $96k against liabilities of $8,006, net assets of $88k. It reported 1 employees.