Fells Point Main Street Inc

Analysis

Fells Point Main Street Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2004, 22 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 December 2023, Fells Point Main Street Inc reported income of $175k and spending of $211k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $175k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 83%. 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, Fells Point Main Street Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Union de Vecinos de Pico Aliso ($175k), Together We Can Community Resource Center Inc ($175k) and Laurel Montana Community Foundation Incorporated ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $48k (23% of expenses). Other salaries and wages came to $6,828. At year end it held assets of $134k against liabilities of $9,770, net assets of $124k. It reported 1 employees.