Carbondale Main Street

Analysis

Carbondale Main Street is a registered charity in United States, based in Carbondale, IL. It received its IRS tax-exemption ruling in March 1994, 32 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, Carbondale Main Street reported income of $154k and spending of $141k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $165k to $154k (-6.7%), an average of -3.4% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carbondale Main Street sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Corner Community Center Inc ($154k), Trinity Family Community Development Corporation ($154k) and Colorado Lions Foundation ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $19k against liabilities of $1,065, net assets of $18k.