Main Place Inc

Analysis

Main Place Inc is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Place Inc reported income of $1.9m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+58%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Main Place Inc 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 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Crosstown Learning Center Inc ($1.9m), Elle Foundation ($1.9m) and Come and Reason Ministries ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $116k (6.4% of expenses). Other salaries and wages came to $875k. At year end it held assets of $2.5m against liabilities of $1.1m, net assets of $1.4m. It reported 40 employees.