Laramie Main Street Alliance

Analysis

Laramie Main Street Alliance is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in April 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, Laramie Main Street Alliance reported income of $290k and spending of $294k, spending 101% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $275k to $290k (+5.5%), an average of +1.1% a year. The sharpest change came in the year to June 2020, when income rose by 737%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Laramie Main Street Alliance sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within WY. Charities of a similar size with the same main cause include One New Humanity ($290k), St Cloud Main Street Inc ($290k) and Pittsburgh Chapter of the German American Chamber of Commerce FDN ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $53k (18% of expenses). Other salaries and wages came to $37k. At year end it held assets of $3.1m against liabilities of $647k, net assets of $2.4m. It reported 5 employees.