Space on Main

Analysis

Space on Main is a registered charity in United States, based in Bradford, VT. It received its IRS tax-exemption ruling in July 2017, 9 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 2023, Space on Main reported income of $252k and spending of $265k, spending 105% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $182k to $252k (+38%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Space on Main sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 50th percentile within VT. Charities of a similar size with the same main cause include Georgia Diversified Industries Inc ($251k), Allegheny Council to Improve Our Neighborhoods-Housing Incorporated ($252k) and High Plains Heritage Foundation ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $76k (29% of expenses). At year end it held assets of $166k against liabilities of $23k, net assets of $143k.