Project Main Street Inc

Analysis

Project Main Street Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2007, 19 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 2022, Project Main Street Inc reported income of $1.1m and spending of $1.7m, spending 153% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $612k to $1.1m (+86%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Main Street Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include The Delaware County Intermediate Unit Education Foundation ($1.1m), Foster Love Project ($1.1m) and Regional Opportunity Initiatives Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $178k against liabilities of $282, net assets of $177k.