Booneville Main Street Association

Analysis

Booneville Main Street Association is a registered charity in United States, based in Booneville, MS. It received its IRS tax-exemption ruling in February 2010, 16 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 September 2023, Booneville Main Street Association reported income of $298k and spending of $206k, leaving 31% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $199k to $298k (+50%), an average of +50% a year. The sharpest change came in the year to September 2023, when income rose by 50%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Booneville Main Street Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MS. Charities of a similar size with the same main cause include Rotary Service Inc ($298k), Sheet Metal Contracting Industry Education Fund of Northeastern Pen ($298k) and Crew Classic Inc ($298k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 42% of the total. Other salaries and wages came to $56k. At year end it held assets of $137k against liabilities of $0, net assets of $137k.