Tomahawk Mainstreet Inc

Analysis

Tomahawk Mainstreet Inc is a registered charity in United States, based in Tomahawk, WI. It received its IRS tax-exemption ruling in July 2009, 17 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, Tomahawk Mainstreet Inc reported income of $118k and spending of $85k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $157k to $118k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tomahawk Mainstreet Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within WI. Charities of a similar size with the same main cause include Hudson Development Corporation ($117k), Houston Junior Forum Endowment Fund Inc ($118k) and Downtown Blackstone Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 32% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.