Main Street Corydon Ind Inc

Analysis

Main Street Corydon Ind Inc is a registered charity in United States, based in Corydon, IN. It received its IRS tax-exemption ruling in October 1985, 41 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, Main Street Corydon Ind Inc reported income of $148k and spending of $140k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $148k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 114% 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 Corydon Ind Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within IN. Charities of a similar size with the same main cause include Washington DC Cement Masons Joint Apprenticeship & Training TR FD ($148k), Tedxmia Inc ($148k) and Cascade Relays Foundation ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $44k (32% of expenses). Other salaries and wages came to $1,344. At year end it held assets of $1.7m against liabilities of $1.2m, net assets of $469k. It reported 2 employees.