Mainstreet of Fremont Inc

Analysis

Mainstreet of Fremont Inc is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in April 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Mainstreet of Fremont Inc reported income of $160k and spending of $138k, spending 86% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $59k to $160k (+169%), an average of +169% a year. The sharpest change came in the year to August 2023, when income rose by 169%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mainstreet of Fremont Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NE. Charities of a similar size with the same main cause include Sacramento Master Singers ($160k), Journalists Action Network ($160k) and Coalesce Foundation ($160k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.8% of the total. Other salaries and wages came to $28k. At year end it held assets of $57k against liabilities of $0, net assets of $57k. It reported 2 employees.