El Dorado Main Street Inc

Analysis

El Dorado Main Street Inc is a registered charity in United States, based in El Dorado, KS. It received its IRS tax-exemption ruling in May 1999, 27 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, El Dorado Main Street Inc reported income of $65k and spending of $82k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $183k to $65k (-64%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, El Dorado Main Street Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within KS. Charities of a similar size with the same main cause include Lions Club of Pataskala Charitable Foundation ($65k), Tangipahoa Economic Development Foundation Inc ($66k) and Service Club of Andover Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $32k (39% of expenses). At year end it held assets of $103k against liabilities of $92k, net assets of $11k. It reported 1 employees.