Fredericksburg Va Main Street Inc

Analysis

Fredericksburg Va Main Street Inc is a registered charity in United States, based in Fredericksburg, VA. It received its IRS tax-exemption ruling in February 2016, 10 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, Fredericksburg Va Main Street Inc reported income of $161k and spending of $147k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $199k to $161k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fredericksburg Va Main Street Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Pittsburgh Interfaith Impact ($161k), Greendale Main Street Inc ($161k) and Junior League of Elizabeth Plainfield NJ Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $69k (47% of expenses). At year end it held assets of $165k against liabilities of $48k, net assets of $117k. It reported 2 employees.