Port Townsend Main Street Program

Analysis

Port Townsend Main Street Program is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in February 1986, 40 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 December 2023, Port Townsend Main Street Program reported income of $347k and spending of $295k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $347k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port Townsend Main Street Program sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Adventhealth Riverview Inc ($347k), St Josephs House of Hospitality of Rochester N Y Federal Station ($347k) and Calhoun County Chamber of Commerce Foundation Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 57% of the total. Other salaries and wages came to $136k. At year end it held assets of $458k against liabilities of $1,436, net assets of $457k. It reported 2 employees.