Main Street Marshfield Inc

Analysis

Main Street Marshfield Inc is a registered charity in United States, based in Marshfield, WI. It received its IRS tax-exemption ruling in February 2004, 22 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 Marshfield Inc reported income of $187k and spending of $184k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $187k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 107% 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 Marshfield 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 WI. Charities of a similar size with the same main cause include Greater Fergus Falls Corp ($187k), The Homeowners Employment Corporation ($187k) and Akima Club Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $52k (28% of expenses). At year end it held assets of $43k against liabilities of $7,786, net assets of $35k. It reported 2 employees.