Main Street Wooster Inc

Analysis

Main Street Wooster Inc is a registered charity in United States, based in Wooster, OH. It received its IRS tax-exemption ruling in October 2007, 19 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 December 2023, Main Street Wooster Inc reported income of $317k and spending of $302k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $317k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Wooster Inc 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 62nd percentile within OH. Charities of a similar size with the same main cause include Austin Rotary Club Foundation ($317k), Amigos En Cristo Inc ($317k) and Carolina Common Enterprise ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $66k (22% of expenses). Other salaries and wages came to $67k. At year end it held assets of $347k against liabilities of $6,158, net assets of $341k. It reported 4 employees.