Stuart Main Street Association Inc

Analysis

Stuart Main Street Association Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in April 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stuart Main Street Association Inc reported income of $476k and spending of $495k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $175k to $476k (+172%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 55%. 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, Stuart Main Street Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Restore Marietta Inc ($476k), Regional Community Connections One Inc ($476k) and Making Lives Better with Alorica ($476k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $144k (29% of expenses). At year end it held assets of $151k against liabilities of $68k, net assets of $82k. It reported 7 employees.