Main Street Guthrie Center

Analysis

Main Street Guthrie Center is a registered charity in United States, based in Guthrie Ctr, IA. It received its IRS tax-exemption ruling in August 2014, 12 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 Guthrie Center reported income of $55k and spending of $57k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $55k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 101% 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 Guthrie Center sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Blowing Rock Civic Association ($55k), Partnership Foundation Inc ($55k) and Kiwanis Club of Valparaiso Sunrise Incorporated ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $339k against liabilities of $120k, net assets of $219k.