Aledo Main Street Inc

Analysis

Aledo Main Street Inc is a registered charity in United States, based in Aledo, IL. It received its IRS tax-exemption ruling in January 2002, 24 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 April 2024, Aledo Main Street Inc reported income of $80k and spending of $128k, spending 160% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $93k to $80k (-13%), an average of -3.5% a year. The sharpest change came in the year to April 2022, when income rose by 142%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aledo Main Street Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Westmoreland Diversity Coalition ($80k), Grace Project Incorporated ($80k) and Women of Color in Community Development ($80k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $46k. At year end it held assets of $158k against liabilities of $0, net assets of $158k. It reported 1 employees.