Main Street Ventures

Analysis

Main Street Ventures is a registered charity in United States, based in Erlanger, KY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Main Street Ventures reported income of $2.2m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.2m (+117%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Main Street Ventures sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include Austin Classical School ($2.2m), Great Midwest Athletic Conference Inc ($2.2m) and All Belong ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% of the total. Compensation of current officers, directors and key employees was $290k (14% of expenses). Other salaries and wages came to $255k. At year end it held assets of $2.7m against liabilities of $149k, net assets of $2.5m. It reported 7 employees.