Mount Airy Main Street Association Inc

Analysis

Mount Airy Main Street Association Inc is a registered charity in United States, based in Mount Airy, MD. It received its IRS tax-exemption ruling in October 2008, 18 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, Mount Airy Main Street Association Inc reported income of $83k and spending of $75k, spending 90% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $242k to $83k (-66%), an average of -41% a year. The sharpest change came in the year to June 2022, when income dropped by 66%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Airy Main Street Association Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include HNL Tool Library ($83k), Destination Huntingburg ($83k) and Communications Apprenticeship & Training ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $48k against liabilities of -$489, net assets of $49k.