Main Street Keokuk Inc

Analysis

Main Street Keokuk Inc is a registered charity in United States, based in Keokuk, IA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Main Street Keokuk Inc reported income of $478k and spending of $142k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $478k (+684%), an average of +684% a year. The sharpest change came in the year to December 2023, when income rose by 684%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Main Street Keokuk Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Armenia Fund Inc ($478k), 300sl Foundation ($478k) and The Snow Foundation ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $43k (31% of expenses). Other salaries and wages came to $2,916. At year end it held assets of $386k against liabilities of $179, net assets of $386k.