Port Main Street Inc

Analysis

Port Main Street Inc is a registered charity in United States, based in PRT Washingtn, WI. It received its IRS tax-exemption ruling in August 2014, 12 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, Port Main Street Inc reported income of $309k and spending of $294k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $100k to $309k (+208%), an average of +76% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Port Main Street Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Thomasville Community Development Corporation ($309k), Mileage Based User Fee Alliance ($309k) and Anaconda Local Development Corp ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $55k (19% of expenses). Other salaries and wages came to $53k. At year end it held assets of $305k against liabilities of $117k, net assets of $188k. It reported 5 employees.