Tappahannock Main Street

Analysis

Tappahannock Main Street is a registered charity in United States, based in Tappahannock, VA. It received its IRS tax-exemption ruling in July 2010, 16 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 June 2023, Tappahannock Main Street reported income of $327k and spending of $242k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $188k to $327k (+74%), an average of +74% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tappahannock Main Street sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Brightwood Development Corp ($327k), Saffron Kitchen Inc ($327k) and Second Chance Center of Hope ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (28% of expenses). At year end it held assets of $177k against liabilities of $0, net assets of $177k. It reported 1 employees.