Hamilton-Lauraville Main Street Inc

Analysis

Hamilton-Lauraville Main Street Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 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, Hamilton-Lauraville Main Street Inc reported income of $1.3m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $1.3m (+500%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 578%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hamilton-Lauraville Main Street Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Ontario County Four Seasons Local Development ($1.3m), Covation Center Inc ($1.3m) and Massachusetts Communities Action Network Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $66k (5.7% of expenses). Other salaries and wages came to $15k. At year end it held assets of $602k against liabilities of $231k, net assets of $371k. It reported 2 employees.