Main Street Ravenna Inc

Analysis

Main Street Ravenna Inc is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Main Street Ravenna Inc reported income of $56k and spending of $89k, spending 159% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $56k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Main Street Ravenna Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include New Herring Productions ($56k), Vietnamese Literary and Artistic Club of the Washington Metro Area ($56k) and Historic Abilene Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $50k against liabilities of $2,550, net assets of $47k.