Monticello Main Street

Analysis

Monticello Main Street is a registered charity in United States, based in Monticello, IL. It received its IRS tax-exemption ruling in April 1996, 30 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, Monticello Main Street reported income of $64k and spending of $41k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $64k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monticello Main Street sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Great Bend Alive Inc ($64k), Glouster Revitalization Organization ($64k) and Winter Park Improvement Foundation Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.