Mainstreet Waynesboro Inc

Analysis

Mainstreet Waynesboro Inc is a registered charity in United States, based in Waynesboro, PA. It received its IRS tax-exemption ruling in March 1998, 28 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 March 2024, Mainstreet Waynesboro Inc reported income of $886k and spending of $281k, leaving 68% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $201k to $886k (+341%), an average of +34% a year. The sharpest change came in the year to March 2024, when income rose by 203%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mainstreet Waynesboro Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Bridging Virginia Inc ($885k), Southside Together Organizing for Power ($887k) and Government Training Services Inc ($885k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.6m against liabilities of $63k, net assets of $1.5m. It reported 3 employees.