Mainstay Inc

Analysis

Mainstay Inc is a registered charity in United States, based in Rock Hall, MD. It received its IRS tax-exemption ruling in September 2009, 17 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, Mainstay Inc reported income of $278k and spending of $248k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $278k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mainstay Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Brooklyn Aikikai Inc ($278k), Little League Baseball Inc ($278k) and Fairfield Boosters ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Other salaries and wages came to $85k. At year end it held assets of $364k against liabilities of $200, net assets of $364k. It reported 2 employees.