Main Street Corridor Development Corporation

Analysis

Main Street Corridor Development Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in September 1982, 44 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, Main Street Corridor Development Corporation reported income of $588k and spending of $613k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $588k (+17%), an average of +3.9% a year. Over the whole period it spent 100% 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 Corridor Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within MO. Charities of a similar size with the same main cause include Success Unlimited Inc ($588k), General Thoracic Surgical Club ($588k) and Direct Selling Education Foundation ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $115k (19% of expenses). Other salaries and wages came to $246k. At year end it held assets of $166k against liabilities of $5,768, net assets of $161k. It reported 6 employees.