Main Street Wellington Inc

Analysis

Main Street Wellington Inc is a registered charity in United States, based in Wellington, OH. It received its IRS tax-exemption ruling in February 1999, 27 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 Wellington Inc reported income of $61k and spending of $63k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $61k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 111% 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 Wellington Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within OH. Charities of a similar size with the same main cause include American Independent Business Alliance ($61k), Warrior Events ($61k) and Friends of Buker Elementary School Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 14% of the total. Other salaries and wages came to $29k. At year end it held assets of $65k against liabilities of $0, net assets of $65k. It reported 1 employees.