Main Street Ministries Inc

Analysis

Main Street Ministries Inc is a registered charity in United States, based in Vidor, TX. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Main Street Ministries Inc reported income of $251k and spending of $182k, leaving 27% of income unspent that year. Across the 4 years on record, from August 2019 to August 2023, income grew from $229k to $251k (+9.6%), an average of +3.1% a year. The sharpest change came in the year to August 2023, when income rose by 20%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Main Street Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Helping Hands Ministries ($251k), Community Catalysts ($251k) and Yw Homes Inc ($251k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $59k. At year end it held assets of $577k against liabilities of $3,942, net assets of $573k. It reported 11 employees.