Aberdeen Main Street Inc

Analysis

Aberdeen Main Street Inc is a registered charity in United States, based in Aberdeen, MS. It received its IRS tax-exemption ruling in March 1997, 29 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 2024, Aberdeen Main Street Inc reported income of $106k and spending of $109k, spending 102% of its income. Across the 5 years on record, from September 2020 to September 2024, income fell from $230k to $106k (-54%), an average of -18% a year. The sharpest change came in the year to September 2023, when income rose by 195%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aberdeen Main Street Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MS. Charities of a similar size with the same main cause include Jubilee Project Inc ($106k), R&r Partners Foundation Inc ($106k) and Loft Ministries ($106k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $17k (16% of expenses). At year end it held assets of $439k against liabilities of $435, net assets of $439k. It reported 1 employees.