Main Street Renton

Analysis

Main Street Renton is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in September 2018, 8 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 2022, Main Street Renton reported income of $236k and spending of $224k, spending 95% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $65k to $236k (+264%), an average of +264% a year. The sharpest change came in the year to December 2022, when income rose by 264%. Over the whole period it spent 94% 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 Renton 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 Volant Community Development Corporation ($235k), Price County Productions Inc ($236k) and Huron County Growth Partnership Charities ($235k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $106k. At year end it held assets of $47k against liabilities of $1,447, net assets of $45k. It reported 2 employees.