Rehoboth Beach Main Street Inc

Analysis

Rehoboth Beach Main Street Inc is a registered charity in United States, based in Rehoboth BCH, DE. It received its IRS tax-exemption ruling in October 1996, 30 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, Rehoboth Beach Main Street Inc reported income of $203k and spending of $183k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $203k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rehoboth Beach Main Street Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 49th percentile within DE. Charities of a similar size with the same main cause include Friends of the Gallatin National Forest Avalanche Center ($203k), Benicia Community Foundation ($203k) and Main Street Mobile Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 15% of the total. Other salaries and wages came to $65k. At year end it held assets of $148k against liabilities of $842, net assets of $147k. It reported 1 employees.