Mainstreet Libertyville Inc

Analysis

Mainstreet Libertyville Inc is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Mainstreet Libertyville Inc reported income of $322k and spending of $306k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $322k (+7.5%), an average of +1.8% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mainstreet Libertyville Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Honor Flight Bluegrass Chapter Inc ($322k), YWCA of El Paso Foundation ($322k) and USA Hockey Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $71k (23% of expenses). Other salaries and wages came to $39k. At year end it held assets of $769k against liabilities of $264k, net assets of $505k. It reported 6 employees.