Main Street Ministries Inc

Analysis

Main Street Ministries Inc is a registered charity in United States, based in Hillsboro, KS. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ministries Inc reported income of $218k and spending of $146k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $292k to $218k (-25%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Main Street Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KS. Charities of a similar size with the same main cause include Meca Inc ($218k), Future Society of Central Oklahoma ($218k) and Peoria Grown ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $32k. At year end it held assets of $581k against liabilities of $188, net assets of $580k. It reported 5 employees.