Cocoa Beach Main Street Inc

Analysis

Cocoa Beach Main Street Inc is a registered charity in United States, based in Cocoa Beach, FL. It received its IRS tax-exemption ruling in June 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, Cocoa Beach Main Street Inc reported income of $191k and spending of $204k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $191k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cocoa Beach Main Street Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Square1 Inc ($191k), 1 Church 1 Soul Ministry ($191k) and Modesto Area Sheet Metal Apprenticeship Training Trust ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $27k against liabilities of $19k, net assets of $8,201.