Mainstreet Coronado Ltd

Analysis

Mainstreet Coronado Ltd is a registered charity in United States, based in Coronado, CA. It received its IRS tax-exemption ruling in December 2014, 12 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, Mainstreet Coronado Ltd reported income of $86k and spending of $89k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $99k to $86k (-13%), an average of -13% a year. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mainstreet Coronado Ltd sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Inland Empire Section National Council of Negro Women Inc ($86k), Recyclers Educating Against Drugs Foundation Inc ($86k) and Brothers Building a Better Nation ($86k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $146k against liabilities of $42k, net assets of $104k.