Main Street Hinton Inc

Analysis

Main Street Hinton Inc is a registered charity in United States, based in Hinton, WV. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Main Street Hinton Inc reported income of $2.7m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Main Street Hinton Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WV. Charities of a similar size with the same main cause include Springfield Senior Citizens Housing Inc ($2.7m), Crown Center ($2.7m) and Treasure House ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $71k (2.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.9m against liabilities of $1.4m, net assets of $2.4m. It reported 54 employees.