North Capital Main Street

Analysis

North Capital Main Street is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2012, 14 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 Capital Main Street reported income of $285k and spending of $352k, spending 123% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $419k to $285k (-32%), an average of -7.4% a year. The sharpest change came in the year to December 2019, when income rose by 42%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Capital Main Street 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 35th percentile within DC. Charities of a similar size with the same main cause include J Jireh Development Corporation ($285k), Credit Union Womens Leadership Alliance Inc ($285k) and Verdigris Valley Community Foundation Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (20% of expenses). At year end it held assets of $51k against liabilities of $65k, net assets of -$14k. It reported 2 employees.