Lawrenceburg Main Street Inc

Analysis

Lawrenceburg Main Street Inc is a registered charity in United States, based in Lawrenceburg, IN. It received its IRS tax-exemption ruling in July 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lawrenceburg Main Street Inc reported income of $969k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $857k to $969k (+13%), an average of +3.1% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lawrenceburg Main Street 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 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Healthy Bourbon County Action Team Inc ($968k), BDC Community Capital Corp ($969k) and Nupoint Community Development Corporation ($968k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $60k (5.4% of expenses). Other salaries and wages came to $127k. At year end it held assets of $401k against liabilities of $200, net assets of $401k. It reported 34 employees.