Landmark on Main Street Inc

Analysis

Landmark on Main Street Inc is a registered charity in United States, based in Port Washington, NY. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Landmark on Main Street Inc reported income of $1.5m and spending of $1.8m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.5m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 127%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Landmark on Main Street Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Coalition of Asian American Leaders ($1.5m), Mythical Lotus Foundation ($1.5m) and Discovery Center Great Lakes ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $95k (5.3% of expenses). Other salaries and wages came to $479k. At year end it held assets of $2.7m against liabilities of $370k, net assets of $2.4m. It reported 23 employees.