Main Street Canyon

Analysis

Main Street Canyon is a registered charity in United States, based in Canyon, TX. It received its IRS tax-exemption ruling in December 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Main Street Canyon reported income of $123k and spending of $106k, spending 86% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $104k to $123k (+18%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 92% 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 Canyon sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Village Place ($123k), Llano Parks Project ($123k) and Clovis Mainstreet Inc ($123k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. At year end it held assets of $319k against liabilities of $0, net assets of $319k.