Denison Main Street Inc

Analysis

Denison Main Street Inc is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in June 2015, 11 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 September 2023, Denison Main Street Inc reported income of $203k and spending of $217k, spending 107% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $180k to $203k (+13%), an average of +6.2% a year. The sharpest change came in the year to September 2022, when income rose by 72%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Denison Main Street Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Jasper County Neighbors United Inc ($203k), Midco Inc ($203k) and The Builder Foundation ($202k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 74% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.