Community Main Street Inc

Analysis

Community Main Street Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in February 1995, 31 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 June 2024, Community Main Street Inc reported income of $436k and spending of $345k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $348k to $436k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Main Street Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within IA. Charities of a similar size with the same main cause include Point Hope Inc ($436k), Denver Cultural Property Trust ($436k) and Quitman County Development Organization Inc ($436k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $61k. At year end it held assets of $1.2m against liabilities of $132k, net assets of $1.1m. It reported 4 employees.