Thibodaux Main Street Inc

Analysis

Thibodaux Main Street Inc is a registered charity in United States, based in Thibodaux, LA. It received its IRS tax-exemption ruling in August 2007, 19 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, Thibodaux Main Street Inc reported income of $84k and spending of $62k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $84k (+1.2%), an average of +1.2% a year. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thibodaux Main Street Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within LA. Charities of a similar size with the same main cause include Union Street Corridor Community Development Corporation ($84k), Bellport Village Program Fund Inc ($84k) and Hub Community Center ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $145k against liabilities of $2,725, net assets of $142k.