Mainstreet Shelbyville Incorporated

Analysis

Mainstreet Shelbyville Incorporated is a registered charity in United States, based in Shelbyville, IN. It received its IRS tax-exemption ruling in June 1999, 27 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, Mainstreet Shelbyville Incorporated reported income of $166k and spending of $225k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $166k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mainstreet Shelbyville Incorporated sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Opportunity Marshall Inc ($165k), Midtown Greenway Coalition ($166k) and West Bend Economic Development Corp Oration ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 8.5% of the total. Other salaries and wages came to $96k. At year end it held assets of $598k against liabilities of $6,809, net assets of $591k. It reported 3 employees.