Raton Main Street Inc

Analysis

Raton Main Street Inc is a registered charity in United States, based in Raton, NM. It received its IRS tax-exemption ruling in May 2007, 19 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 June 2024, Raton Main Street Inc reported income of $207k and spending of $213k, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $296k to $207k (-30%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Raton Main Street Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NM. Charities of a similar size with the same main cause include Reaching Our Communities Kids Inc ($207k), Detroit Greenways Coalition ($207k) and Valley County Economic Development Council Inc ($207k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). At year end it held assets of $70k against liabilities of -$88, net assets of $70k. It reported 1 employees.