Frankfort Main Street Inc

Analysis

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

In the financial year ending December 2023, Frankfort Main Street Inc reported income of $52k and spending of $63k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $53k to $52k (-1.7%), an average of -1.7% a year. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Frankfort Main Street Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IN. Charities of a similar size with the same main cause include Town of Bath Cemetery Managementand Maintenance Incorporated ($52k), Carmel Chamber of Commerce Foundation ($52k) and Enovant ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $7,955 against liabilities of $2,025, net assets of $5,930.