Main Street Ottumwa

Analysis

Main Street Ottumwa is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2024, Main Street Ottumwa reported income of $164k and spending of $210k, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $231k to $164k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Main Street Ottumwa sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Eastridge Recreation Assn ($164k), Los Angeles Section 8 Simpson Lomod Corporation -6 ($164k) and Betty Jones Ministries ($164k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $50k (24% of expenses). Other salaries and wages came to $14k. At year end it held assets of $175k against liabilities of $72k, net assets of $102k. It reported 2 employees.