101 Main Street Inc

Analysis

101 Main Street Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in November 2020, 6 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, 101 Main Street Inc reported income of $485k and spending of $165k, leaving 66% of income unspent that year. Across the 3 years on record, from April 2021 to April 2023, income grew from $102k to $485k (+377%), an average of +118% a year. The sharpest change came in the year to April 2023, when income rose by 421%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 101 Main Street Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within NH. Charities of a similar size with the same main cause include Good Samaritan Hospital Self Insurance Against Malpractice Trus ($485k), Pocahontas Communications Cooperative Corporation ($485k) and On Earth Peace Assembly Inc ($485k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. At year end it held assets of $3.5m against liabilities of $3.1m, net assets of $418k.