Pigtown Main Street Inc

Analysis

Pigtown Main Street Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2013, 13 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, Pigtown Main Street Inc reported income of $909k and spending of $950k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $909k (+342%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pigtown Main Street 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 77th percentile within MD. Charities of a similar size with the same main cause include SWFLCF Support Organization Inc ($909k), Occupational Development Center Inc ($909k) and Soulforce Inc ($908k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (7.0% of expenses). Other salaries and wages came to $106k. At year end it held assets of $382k against liabilities of $25k, net assets of $357k. It reported 5 employees.