Federal Hill Main Street Inc

Analysis

Federal Hill Main Street Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2001, 25 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, Federal Hill Main Street Inc reported income of $129k and spending of $126k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $187k to $129k (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2022, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Federal Hill Main Street Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Clearview Family Resources ($129k), Claremore Main Street Inc ($129k) and Todd County Development Corporation ($129k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 12% of the total. Other salaries and wages came to $32k. At year end it held assets of $162k against liabilities of $183k, net assets of -$20k. It reported 1 employees.