Mainstreet Winter Haven Inc

Analysis

Mainstreet Winter Haven Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in March 1996, 30 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 September 2023, Mainstreet Winter Haven Inc reported income of $312k and spending of $345k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $280k to $312k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mainstreet Winter Haven Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Treasures Markets Properties ($312k), Greater Wilmington Chamber Foundation ($312k) and The Center for Career Freedom Inc ($312k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $62k (18% of expenses). Other salaries and wages came to $87k. At year end it held assets of $717k against liabilities of $55k, net assets of $661k. It reported 6 employees.