Carlsbad Mainstreet Project Inc

Analysis

Carlsbad Mainstreet Project Inc is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Carlsbad Mainstreet Project Inc reported income of $289k and spending of $300k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $289k (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Carlsbad Mainstreet Project Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include North Carolina Urban Forest Council ($289k), Circle of Blue Inc ($289k) and Environmental Fund of Washington ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $58k (19% of expenses). Other salaries and wages came to $40k. At year end it held assets of $299k against liabilities of $2,455, net assets of $297k. It reported 4 employees.