Lake Mills Main Street Program Inc

Analysis

Lake Mills Main Street Program Inc is a registered charity in United States, based in Lake Mills, WI. It received its IRS tax-exemption ruling in February 2014, 12 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, Lake Mills Main Street Program Inc reported income of $195k and spending of $172k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $195k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Mills Main Street Program Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Center for Nonprofit Leadership of the Sierra ($195k), Bay Area Chamber of Commerce Foundation ($195k) and Hope Gain Network ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $77k. At year end it held assets of $149k against liabilities of $2,226, net assets of $147k. It reported 3 employees.