Main Street Mission of China Grove Inc

Analysis

Main Street Mission of China Grove Inc is a registered charity in United States, based in China Grove, NC. It received its IRS tax-exemption ruling in January 2003, 23 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 2022, Main Street Mission of China Grove Inc reported income of $470k and spending of $414k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $233k to $470k (+102%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Mission of China Grove Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Embodywise ($470k), Little Tokyo Community Council ($470k) and Gabis Grounds Coffee Shop ($470k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $55k (13% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.0m against liabilities of $19k, net assets of $1.0m. It reported 17 employees.