Main Street Alabama

Analysis

Main Street Alabama is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 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, Main Street Alabama reported income of $2.1m and spending of $1.0m, leaving 50% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $489k to $2.1m (+323%), an average of +43% a year. The sharpest change came in the year to September 2023, when income rose by 249%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Alabama sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Share Your Care Inc ($2.1m), Arizona Hispanic Chamber of Commerce Foundation Corporation ($2.1m) and Community Investment Corporation ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $292k. At year end it held assets of $1.5m against liabilities of $13k, net assets of $1.5m. It reported 4 employees.