Brunswick Main Street Inc

Analysis

Brunswick Main Street Inc is a registered charity in United States, based in Brunswick, MD. It received its IRS tax-exemption ruling in December 2006, 20 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 2023, Brunswick Main Street Inc reported income of $301k and spending of $258k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $345k to $301k (-13%), an average of -4.5% a year. The sharpest change came in the year to June 2023, when income rose by 151%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brunswick Main Street Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include The Creative Coast Inc ($301k), Foundation Builders Servants Outreach ($301k) and Lighthouse for Broken Wings ($301k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.