Main Street Vero Beach Inc

Analysis

Main Street Vero Beach Inc is a registered charity in United States, based in Vero Beach, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Main Street Vero Beach Inc reported income of $81k and spending of $79k, spending 97% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $76k to $81k (+6.4%), an average of +6.4% a year. Over the whole period it spent 103% 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 Vero Beach Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Los Angeles Cedars Foundation ($81k), Arins Good Girl Dog Treats LLC ($81k) and Minority Health Alliance of Howard County ($81k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.