Main Street Sea Isle City Inc

Analysis

Main Street Sea Isle City Inc is a registered charity in United States, based in Sea Isle City, NJ. It received its IRS tax-exemption ruling in June 2009, 17 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 December 2023, Main Street Sea Isle City Inc reported income of $55k and spending of $32k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $55k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Main Street Sea Isle City Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Spanish Institute ($55k), SC Cheer Booster Club Inc ($55k) and Valley Concert Chorale ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.