North Main Street Fund

Analysis

North Main Street Fund is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, North Main Street Fund reported income of $3.1m and spending of $1.7m, leaving 46% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $800k to $3.1m (+292%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Main Street Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NH. Charities of a similar size with the same main cause include Los Angeles Orange Counties Building and Construction Trades ($3.1m), Healthy Neighborhoods Inc ($3.1m) and American Agape Foundation Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $3,111 in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $395k, net assets of $2.5m.