Simsbury Main Street Partnership Inc

Analysis

Simsbury Main Street Partnership Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2023, Simsbury Main Street Partnership Inc reported income of $100k and spending of $83k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $69k to $100k (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Simsbury Main Street Partnership Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Richmond Economic Development Corporation ($100k), Mesta Park Neighborhood Association Inc ($100k) and Barbershop & Social Services ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 3.8% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.