Main Street Pascagoula

Analysis

Main Street Pascagoula is a registered charity in United States, based in Pascagoula, MS. 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, Main Street Pascagoula reported income of $363k and spending of $214k, leaving 41% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $207k to $363k (+75%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 68%. Over the whole period it spent 86% 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 Pascagoula sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MS. Charities of a similar size with the same main cause include Boulder Chamber Foundation ($362k), Ironworkers Local 292 General BLDG Contractors Assn Appr Eductl Fund ($363k) and Main Street Gettysburg Inc ($362k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $58k (27% of expenses). Other salaries and wages came to $12k. At year end it held assets of $218k against liabilities of $4,694, net assets of $213k. It reported 2 employees.