Barracks Row Mainstreet

Analysis

Barracks Row Mainstreet is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1999, 27 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, Barracks Row Mainstreet reported income of $773k and spending of $794k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $882k to $773k (-12%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Barracks Row Mainstreet sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 50th percentile within DC. Charities of a similar size with the same main cause include Chelsea Economic Dvelopment Corporation ($772k), Houston Junior Forum Inc ($773k) and Kitsap Applied Technologies ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $93k (12% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.6m. It reported 2 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.