New Port Richey Main Street Inc

Analysis

New Port Richey Main Street Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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 September 2023, New Port Richey Main Street Inc reported income of $57k and spending of $51k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $93k to $57k (-39%), an average of -12% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Port Richey Main Street Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Monroeville Soccer Club Inc ($57k), Eagle Rock Community Association ($57k) and Career Guidance Institute ($57k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Other salaries and wages came to $24k. At year end it held assets of $77k against liabilities of $1,859, net assets of $75k. It reported 2 employees.