Mainstreet Redevelopment Association

Analysis

Mainstreet Redevelopment Association is a registered charity in United States, based in Forest Park, IL. It received its IRS tax-exemption ruling in February 1998, 28 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, Mainstreet Redevelopment Association reported income of $131k and spending of $110k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $50k to $131k (+160%), an average of +61% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mainstreet Redevelopment Association sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Sleepy Eye Sportmens Club Inc ($131k), Prosper Ladies Association ($131k) and Community Youth Center ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $130k against liabilities of $62k, net assets of $68k.