Conrad Main Street Inc

Analysis

Conrad Main Street Inc is a registered charity in United States, based in Conrad, IA. It received its IRS tax-exemption ruling in April 1994, 32 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 2023, Conrad Main Street Inc reported income of $80k and spending of $78k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $80k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 141% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Conrad Main Street Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IA. Charities of a similar size with the same main cause include Junior League of Norman Inc ($80k), Arabia Temple 12 Aeaonms Foundation ($80k) and King for America Inc Non Profit Fai TH Based & Community Agencies ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.