Main Street Calumet Inc

Analysis

Main Street Calumet Inc is a registered charity in United States, based in Calumet, MI. It received its IRS tax-exemption ruling in October 2005, 21 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, Main Street Calumet Inc reported income of $75k and spending of $67k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $75k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Calumet Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include S&a Solutions Foundation ($75k), Bulverde Spring Branch Economic Development Foundation ($75k) and Waado ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $30k against liabilities of $4,339, net assets of $26k.