165 Main Street Inc

Analysis

165 Main Street Inc is a registered charity in United States, based in Seymour, CT. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, 165 Main Street Inc reported income of $70k and spending of $66k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $57k to $70k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 165 Main Street Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include Autism Society of America ($70k), The Knickerbocker Hook and Ladder Company of Closter New Jersey ($70k) and The Charles B Cozadd Rotary Foundation Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 37% of the total. At year end it held assets of $92k against liabilities of $840, net assets of $91k.