Ocala Main Street Inc

Analysis

Ocala Main Street Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in November 2016, 10 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 (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, Ocala Main Street Inc reported income of $126k and spending of $193k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $126k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 242%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ocala Main Street Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Gaylord Area Council for the Arts ($126k), Kennesaw Mountain High School Drama ($126k) and The Esoterics ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Other salaries and wages came to $67k. At year end it held assets of $95k against liabilities of $283k, net assets of -$187k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.