Amory Main Street Inc

Analysis

Amory Main Street Inc is a registered charity in United States, based in Amory, MS. 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 August 2023, Amory Main Street Inc reported income of $67k and spending of $67k, spending 100% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $94k to $67k (-29%), an average of -29% a year. The sharpest change came in the year to August 2023, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Amory Main Street Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within MS. Charities of a similar size with the same main cause include Gahanna Parks & Recreation Foundation ($67k), Neighborhood Preservation League of Alamo Heights ($67k) and Kingston Community Radio Inc ($67k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.