Main Street Mount Holly Inc

Analysis

Main Street Mount Holly Inc is a registered charity in United States, based in Mount Holly, NJ. It received its IRS tax-exemption ruling in November 2003, 23 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 August 2023, Main Street Mount Holly Inc reported income of $122k and spending of $71k, leaving 42% of income unspent that year. Across the 5 years on record, from August 2018 to August 2023, income grew from $26k to $122k (+377%), an average of +48% a year. The sharpest change came in the year to August 2021, when income rose by 258%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Mount Holly Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Community Development Ventures Inc ($122k), Nevada Western Heritage Center Alliance Inc ($122k) and Destination Downtown Edenton Inc ($122k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.