Main Street Laurens USA Inc

Analysis

Main Street Laurens USA Inc is a registered charity in United States, based in Laurens, SC. It received its IRS tax-exemption ruling in April 1997, 29 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, Main Street Laurens USA Inc reported income of $170k and spending of $467k, spending 275% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $170k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 92% 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 Laurens USA Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Columbia Community Foundation ($170k), Huntingburg Event & Community Center Inc ($170k) and National Association of Community Development Extension Professional ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (4.1% of expenses). Other salaries and wages came to $37k. At year end it held assets of $332k against liabilities of $1,404, net assets of $331k. It reported 2 employees.