Main Street Washington Inc

Analysis

Main Street Washington Inc is a registered charity in United States, based in Washington, IA. It received its IRS tax-exemption ruling in March 2013, 13 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 Washington Inc reported income of $125k and spending of $116k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $125k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 87% 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 Washington Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Brush Creek Enterprise Center Inc ($125k), Laguna Vista Community Development Corporation ($125k) and Placemaking Fund ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $75k against liabilities of $19k, net assets of $55k.