658 Main Street Foundation Inc

Analysis

658 Main Street Foundation Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in September 2018, 8 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 June 2023, 658 Main Street Foundation Inc reported income of $197k and spending of $175k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $45k to $197k (+333%), an average of +333% a year. The sharpest change came in the year to June 2023, when income rose by 333%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 658 Main Street Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Minnesota Japanese School Inc ($197k), Baltimore Rock Opera Society Inc ($197k) and Blank Spaces Murals Inc ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $320k against liabilities of $250k, net assets of $70k.