Chippewa Falls Main Street Inc

Analysis

Chippewa Falls Main Street Inc is a registered charity in United States, based in Chippewa FLS, WI. It received its IRS tax-exemption ruling in May 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chippewa Falls Main Street Inc reported income of $172k and spending of $185k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $186k to $172k (-7.5%), an average of -7.5% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chippewa Falls Main Street Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within WI. Charities of a similar size with the same main cause include Minerva Education and Development Foundation ($172k), Employment Network of SW FL Inc ($172k) and Columbia Valley Housing Association ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.