Main Street Homer

Analysis

Main Street Homer is a registered charity in United States, based in Homer, LA. It received its IRS tax-exemption ruling in January 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 June 2024, Main Street Homer reported income of $68k and spending of $59k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $124k to $68k (-45%), an average of -45% a year. The sharpest change came in the year to June 2024, when income dropped by 45%. Over the whole period it spent 72% 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 Homer sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within LA. Charities of a similar size with the same main cause include Ohio Brew Week Inc ($68k), Evolve ND ($68k) and Nikao Foundation ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $368k against liabilities of $112k, net assets of $256k.