Main Street Greeneville

Analysis

Main Street Greeneville is a registered charity in United States, based in Greeneville, TN. It received its IRS tax-exemption ruling in April 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Main Street Greeneville reported income of $271k and spending of $268k, spending 99% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $119k to $271k (+128%), an average of +51% a year. The sharpest change came in the year to June 2024, when income rose by 71%. Over the whole period it spent 94% 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 Greeneville sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Dynamic Community Development Corporation ($271k), Junior League of Springfield Missouri Inc ($271k) and Main Street Monroe Inc ($271k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $42k (16% of expenses). At year end it held assets of $100k against liabilities of $6,058, net assets of $94k. It reported 1 employees.