Main Street-Deland Association Inc

Analysis

Main Street-Deland Association Inc is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in January 1987, 39 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 December 2023, Main Street-Deland Association Inc reported income of $458k and spending of $406k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $458k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 35%. 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-Deland Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Twin Cities Innovation Alliance ($458k), Ur Chicago Alliance Inc ($458k) and Gedakina Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $57k (14% of expenses). Other salaries and wages came to $90k. At year end it held assets of $190k against liabilities of $32k, net assets of $158k. It reported 5 employees.