The Murray Main Street Program Inc

Analysis

The Murray Main Street Program Inc is a registered charity in United States, based in Murray, KY. It received its IRS tax-exemption ruling in October 2000, 26 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, The Murray Main Street Program Inc reported income of $124k and spending of $166k, spending 134% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $99k to $124k (+25%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Murray Main Street Program Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within KY. Charities of a similar size with the same main cause include Virginia Therapy Services Inc ($124k), McCool Community Improvement Foundation ($124k) and My-Ginas Child Care & Community Service Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 7.0% of the total. Other salaries and wages came to $45k. At year end it held assets of $505k against liabilities of $142k, net assets of $363k. It reported 1 employees.