Main Street Living Inc

Analysis

Main Street Living Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Main Street Living Inc reported income of $336k and spending of $423k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $731k to $336k (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Main Street Living Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within SD. Charities of a similar size with the same main cause include Tina P Williams Ministries Inc ($336k), Connect the World ($336k) and Eastern Montana Bible Camp Association ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $984k against liabilities of $0, net assets of $984k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.