Main Street Martinez Inc

Analysis

Main Street Martinez Inc is a registered charity in United States, based in Martinez, CA. It received its IRS tax-exemption ruling in February 2002, 24 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 June 2023, Main Street Martinez Inc reported income of $335k and spending of $264k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $261k to $335k (+29%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 76% 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 Martinez Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Heart of Brevard ($335k), Buckeye Lake 2030 Corporation ($336k) and Mom Your Business ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $102k (39% of expenses). Other salaries and wages came to $5,674. At year end it held assets of $337k against liabilities of $8,182, net assets of $329k. It reported 1 employees.