Main Street Portsmouth

Analysis

Main Street Portsmouth is a registered charity in United States, based in Portsmouth, OH. It received its IRS tax-exemption ruling in May 2006, 20 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 (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 Portsmouth reported income of $275k and spending of $221k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $275k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 252%. Over the whole period it spent 90% 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 Portsmouth sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Silver Spur Rodeo Inc ($275k), Franklin Mineral Museum Inc ($275k) and Longview Act ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $28k (13% of expenses). Other salaries and wages came to $11k. At year end it held assets of $260k against liabilities of $886, net assets of $259k. It reported 2 employees.