Mainstreet Fort Pierce Inc

Analysis

Mainstreet Fort Pierce Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in November 1992, 34 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 April 2024, Mainstreet Fort Pierce Inc reported income of $255k and spending of $226k, spending 89% of its income. Across the 6 years on record, from April 2019 to April 2024, income fell from $255k to $255k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to April 2021, when income dropped by 15%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mainstreet Fort Pierce Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Muslim Womens Organization Corp ($255k), Fairfield County Teenworks Inc ($255k) and Lloyd Ecodistrict ($255k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 27% and program service revenue 18% of the total. Other salaries and wages came to $115k. At year end it held assets of $881k against liabilities of $230k, net assets of $651k. It reported 2 employees.