Main Street Industries and Training Center Inc

Analysis

Main Street Industries and Training Center Inc is a registered charity in United States, based in Clinton, MN. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Main Street Industries and Training Center Inc reported income of $815k and spending of $718k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $684k to $815k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 84% 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 Industries and Training Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Thousand Islands Regional Tourism Development Corporation ($815k), Boston Project Ministries Inc ($815k) and Troy Development Council Inc ($814k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Other salaries and wages came to $434k. At year end it held assets of $1.3m against liabilities of $12k, net assets of $1.2m. It reported 47 employees.