Troy Main Street Inc

Analysis

Troy Main Street Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in September 1995, 31 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, Troy Main Street Inc reported income of $185k and spending of $186k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $185k (+11%), an average of +2.7% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Troy Main Street Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Advanced Methods in Innovation ($185k), Metropolitan Education District Foundation ($185k) and Alviso in Action ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $33k (18% of expenses). Other salaries and wages came to $40k. At year end it held assets of $292k against liabilities of $0, net assets of $292k. It reported 5 employees.