Charleston Main Streets Inc

Analysis

Charleston Main Streets Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Charleston Main Streets Inc reported income of $248k and spending of $279k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $315k to $248k (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charleston Main Streets Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include The Real Program Inc ($248k), Handshake Columbus Inc ($248k) and Association of Asset Management Professionals Inc ($248k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $79k (28% of expenses). Other salaries and wages came to $25k. At year end it held assets of $468k against liabilities of $462k, net assets of $5,675. It reported 2 employees.