Main Street Scholars

Analysis

Main Street Scholars is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Scholars reported income of $350k and spending of $369k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $340k to $350k (+3.2%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Main Street Scholars sits at the 63rd percentile: it is larger than about 63% 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 San Diego Theatrical Training Corporation ($350k), Lincoln Heights Tutorial Program ($351k) and Ripple Effect Water Literacy Project ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $25k (6.8% of expenses). Other salaries and wages came to $126k. At year end it held assets of $108k against liabilities of $279, net assets of $108k. It reported 7 employees.