Murphysboro Main Street Inc

Analysis

Murphysboro Main Street Inc is a registered charity in United States, based in Murphysboro, IL. It received its IRS tax-exemption ruling in June 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, Murphysboro Main Street Inc reported income of $75k and spending of $40k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $75k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Murphysboro Main Street Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Renasant Community Foundation ($75k), Diffvelopment ($75k) and Junior League of the Golden Isles Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $642k against liabilities of $157k, net assets of $485k.