Downtown Lees Summit Main Street Inc

Analysis

Downtown Lees Summit Main Street Inc is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in October 1990, 36 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 2023, Downtown Lees Summit Main Street Inc reported income of $446k and spending of $434k, spending 97% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $348k to $446k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Lees Summit 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 66th percentile within MO. Charities of a similar size with the same main cause include Path to Jobs Inc ($446k), Mitchell Area Development Corporation ($446k) and Houston Junior Aeros Hockey Association ($445k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $65k (15% of expenses). Other salaries and wages came to $141k. At year end it held assets of $274k against liabilities of $36k, net assets of $237k.