Fayette Main St Inc

Analysis

Fayette Main St Inc is a registered charity in United States, based in Fayette, MO. It received its IRS tax-exemption ruling in February 2001, 25 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, Fayette Main St Inc reported income of $114k and spending of $120k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $20k to $114k (+459%), an average of +54% a year. The sharpest change came in the year to December 2020, when income dropped by 685%. Over the whole period it spent 288% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fayette Main St Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MO. Charities of a similar size with the same main cause include Towson Elks 469 Charity Fund Inc ($114k), Midsouth Collaborative Inc ($114k) and Falcon Flying Club LLC ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.3% of the total. Other salaries and wages came to $34k. At year end it held assets of $232k against liabilities of $1,224, net assets of $231k. It reported 1 employees.

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.