Oak Harbor Main Street Association

Analysis

Oak Harbor Main Street Association is a registered charity in United States, based in Oak Harbor, WA. It received its IRS tax-exemption ruling in March 2015, 11 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, Oak Harbor Main Street Association reported income of $236k and spending of $243k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $230k to $236k (+2.6%), an average of +2.6% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oak Harbor Main Street Association 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 57th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Price County Productions Inc ($236k), Keweenaw Economic Development Alliance ($236k) and Main Street Renton ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $86k (35% of expenses). At year end it held assets of $90k against liabilities of $2,059, net assets of $88k. It reported 2 employees.