Main Street Mount Pleasant

Analysis

Main Street Mount Pleasant is a registered charity in United States, based in Mount Pleasant, IA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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, Main Street Mount Pleasant reported income of $101k and spending of $129k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $101k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 147%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Main Street Mount Pleasant sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within IA. Charities of a similar size with the same main cause include Westerville Library Foundation ($101k), Dutch Fork Band Boosters ($101k) and Habitat for Humanity International Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $52k (40% of expenses). At year end it held assets of $2.6m against liabilities of $2,680, net assets of $2.6m. It reported 1 employees.