Main Street Fairmont Inc

Analysis

Main Street Fairmont Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in December 1993, 33 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, Main Street Fairmont Inc reported income of $136k and spending of $123k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $104k to $136k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 213%. Over the whole period it spent 95% 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 Fairmont Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WV. Charities of a similar size with the same main cause include Project Hunger Inc ($136k), Coalition for Workforce Diversity Inc ($136k) and Jackson Ac Qalicb Inc ($136k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $45k. At year end it held assets of $545k against liabilities of $520k, net assets of $24k. It reported 4 employees.