Main Street Highland Park

Analysis

Main Street Highland Park is a registered charity in United States, based in Highland Park, NJ. It received its IRS tax-exemption ruling in July 2003, 23 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).

In the financial year ending December 2023, Main Street Highland Park reported income of $419k and spending of $355k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $419k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 100% 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 Highland Park sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Eastern Plains Economic Development Corporation ($419k), Junior League of Lake Charles Inc ($419k) and Hawaii Lions Foundation ($419k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $79k (22% of expenses). At year end it held assets of $261k against liabilities of $0, net assets of $261k. It reported 6 employees.