Taylorville Main Street Inc

Analysis

Taylorville Main Street Inc is a registered charity in United States, based in Taylorville, IL. It received its IRS tax-exemption ruling in November 2001, 25 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, Taylorville Main Street Inc reported income of $299k and spending of $72k, leaving 76% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $118k to $299k (+152%), an average of +152% a year. The sharpest change came in the year to April 2024, when income rose by 152%. Over the whole period it spent 35% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Taylorville Main Street Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Elizabeth River Trail Foundation ($299k), Canoga Park Improvement Association ($299k) and Junior League of Beaumont Texas ($299k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 43% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $9,000 (12% of expenses). At year end it held assets of $364k against liabilities of $1,934, net assets of $362k. It reported 1 employees.