Main Street Fremont Inc

Analysis

Main Street Fremont Inc is a registered charity in United States, based in Fremont, OH. It received its IRS tax-exemption ruling in July 2002, 24 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 Fremont Inc reported income of $185k and spending of $169k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $185k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 98% 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 Fremont Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Texas-Oklahoma Kiwanis Foundation Inc ($184k), Stevens County Economic Improvement Commission ($185k) and Cedar Branch Project ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $106k. At year end it held assets of $61k against liabilities of $1,064, net assets of $60k. It reported 4 employees.