Main Street Gym Inc

Analysis

Main Street Gym Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Main Street Gym Inc reported income of $177k and spending of $164k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $177k (+7.7%), an average of +7.7% a year. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Main Street Gym Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Little League Baseball Inc ($177k), Amity Regional Aquatic Club Inc ($177k) and Dr Phillips Soccer Club Corporation ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $380k against liabilities of $907, net assets of $379k.