Main Street Fort Smith

Analysis

Main Street Fort Smith is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in July 2016, 10 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 2022, Main Street Fort Smith reported income of $148k and spending of $302k, spending 205% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.1m to $148k (-93%), an average of -59% a year. The sharpest change came in the year to December 2020, when income dropped by 88%. Over the whole period it spent 80% 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 Fort Smith sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AR. Charities of a similar size with the same main cause include Dumas Downtown Association ($148k), Downtown West Allis Inc ($148k) and Four Corners Main Street Inc ($147k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% and program service revenue 2.8% of the total. Other salaries and wages came to $102k. At year end it held assets of $1.4m against liabilities of $4,143, net assets of $1.4m. It reported 1 employees.