Main Street Arts Inc

Analysis

Main Street Arts Inc is a registered charity in United States, based in Clifton SPGS, NY. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Main Street Arts Inc reported income of $425k and spending of $425k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $425k (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Main Street Arts Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include National Museum of Americans in Wartime ($424k), Aps Training Institute Inc ($425k) and Historic Southwest Ohio Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $154k (36% of expenses). Other salaries and wages came to $2,749. At year end it held assets of $133k against liabilities of $78k, net assets of $55k. It reported 6 employees.