Main Street Community Foundation

Analysis

Main Street Community Foundation is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Main Street Community Foundation reported income of $3.6m and spending of $2.4m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.6m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Main Street Community Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Global Outreach Developments International ($3.6m), Gabrielles Angel Foundation for Cancer Research Inc ($3.6m) and Anglo-American Charitable Foundation Ltd ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $188k (7.9% of expenses). Other salaries and wages came to $390k. At year end it held assets of $33.7m against liabilities of $83k, net assets of $33.6m. It reported 7 employees.