Rockland Main Street Inc

Analysis

Rockland Main Street Inc is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Rockland Main Street Inc reported income of $105k and spending of $136k, spending 129% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $73k to $105k (+45%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rockland Main Street Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 32nd percentile within ME. Charities of a similar size with the same main cause include Ohel Iaacov Foundation Inc ($105k), Hopes & Dreams Inc ($105k) and Shepherds Place Foundation Inc ($105k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $11k against liabilities of $40k, net assets of -$28k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.