Silver City Mainstreet Project

Analysis

Silver City Mainstreet Project is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 2024, Silver City Mainstreet Project reported income of $425k and spending of $419k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $232k to $425k (+84%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver City Mainstreet Project sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within NM. Charities of a similar size with the same main cause include Peralta Parent Group Inc ($425k), International Society of Air Safety Investigators ($425k) and PTA New York Congress ($425k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $197k. At year end it held assets of $335k against liabilities of $64k, net assets of $272k. It reported 17 employees.