Main Street Charles City

Analysis

Main Street Charles City is a registered charity in United States, based in Charles City, IA. It received its IRS tax-exemption ruling in March 2023, 3 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 September 2024, Main Street Charles City reported income of $209k and spending of $210k, spending 100% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $168k to $209k (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 94% 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 Charles City 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 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Mainsail Art Festival Incorporated ($209k), Arts Fairfax Inc ($210k) and Mandarin Institute ($209k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $42k. At year end it held assets of $270k against liabilities of $4,490, net assets of $266k. It reported 6 employees.