H Street Main Street Inc

Analysis

H Street Main Street Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2018, 8 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, H Street Main Street Inc reported income of $1.4m and spending of $1.2m, spending 80% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $1.4m (+18%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, H Street Main Street Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 61st percentile within DC. Charities of a similar size with the same main cause include Nebraska Housing Developers Association ($1.4m), Futures Through Training Inc ($1.4m) and Freedom Community Center ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $128k (11% of expenses). Other salaries and wages came to $62k. At year end it held assets of $1.1m against liabilities of $497k, net assets of $638k. It reported 2 employees.