Main Street Point Pleasant Inc

Analysis

Main Street Point Pleasant Inc is a registered charity in United States, based in Pt Pleasant, WV. It received its IRS tax-exemption ruling in January 1990, 36 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 2024, Main Street Point Pleasant Inc reported income of $67k and spending of $79k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $71k to $67k (-5.3%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Point Pleasant Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within WV. Charities of a similar size with the same main cause include Lions Sight Conservation Foundation Inc of W Va ($67k), Dcbia Community Services Corporation ($67k) and Bremen Community Cares ($67k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $25k. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 1 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.