Cambridge Main Street Inc

Analysis

Cambridge Main Street Inc is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in July 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 June 2023, Cambridge Main Street Inc reported income of $164k and spending of $186k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $341k to $164k (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 71%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cambridge Main Street Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Community Hope ($164k), Great Neck Plaza District Management Association Inc ($164k) and Qeqchi Partners Inc ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 11% of the total. Other salaries and wages came to $65k. At year end it held assets of $173k against liabilities of $19k, net assets of $154k. It reported 1 employees.