Silver Triangle Main Street Corporation

Analysis

Silver Triangle Main Street Corporation is a registered charity in United States, based in Guthrie, KY. It received its IRS tax-exemption ruling in September 2004, 22 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, Silver Triangle Main Street Corporation reported income of $347k and spending of $159k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $347k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Silver Triangle Main Street Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Kendallville Restorations Inc ($346k), Omro Area Community Center ($347k) and Waggaman Community Foundation ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $61k. At year end it held assets of $963k against liabilities of $1,479, net assets of $961k. It reported 2 employees.