Paso Robles Main Street Inc

Analysis

Paso Robles Main Street Inc is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in July 1995, 31 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 2024, Paso Robles Main Street Inc reported income of $208k and spending of $187k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $193k to $208k (+8.0%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Paso Robles Main Street Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Rich-Restoring Inner City Hope Inc ($208k), Medina Lake Betterment Association ($208k) and Jackson Metro Sponsoring Committee ($208k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $75k (40% of expenses). Other salaries and wages came to $13k. At year end it held assets of $70k against liabilities of $0, net assets of $70k.