Main Street Historic Chestertown

Analysis

Main Street Historic Chestertown is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Main Street Historic Chestertown reported income of $500k and spending of $516k, spending 103% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $253k to $500k (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Main Street Historic Chestertown sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Arts Council of Central Louisiana ($500k), Friends of Oxmoor Foundation Inc ($500k) and Museum of Art and Light Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $87k. At year end it held assets of $86k against liabilities of $13k, net assets of $73k. It reported 2 employees.