Main Street South Orange Inc

Analysis

Main Street South Orange Inc is a registered charity in United States, based in South Orange, NJ. It received its IRS tax-exemption ruling in December 1993, 33 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, Main Street South Orange Inc reported income of $397k and spending of $343k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $397k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street South Orange Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Gamaliel of California ($396k), Forward Huron Inc ($397k) and International Narcotics Interdiction Association Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 43% of the total. Other salaries and wages came to $133k. At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 2 employees.