Main Street Martinsburg Inc

Analysis

Main Street Martinsburg Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in August 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 December 2023, Main Street Martinsburg Inc reported income of $233k and spending of $212k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $167k to $233k (+39%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 72% 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 Martinsburg Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within WV. Charities of a similar size with the same main cause include Automotive Industry Apprenticeship Trust Fund ($233k), Urban Solutions Training and Development Corporation ($233k) and Keokuk County Exposition Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $61k (29% of expenses). Other salaries and wages came to $50k. At year end it held assets of $284k against liabilities of $40k, net assets of $245k. It reported 3 employees.