Main Street Middletown MD Inc

Analysis

Main Street Middletown MD Inc is a registered charity in United States, based in Middletown, MD. It received its IRS tax-exemption ruling in May 2012, 14 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 June 2024, Main Street Middletown MD Inc reported income of $342k and spending of $253k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $194k to $342k (+76%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 418%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Middletown MD Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Urban University ($342k), Nehda Inc ($342k) and Custer 2020 Inc ($341k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $680k against liabilities of $57k, net assets of $623k.