Claremore Main Street Inc

Analysis

Claremore Main Street Inc is a registered charity in United States, based in Claremore, OK. It received its IRS tax-exemption ruling in January 2004, 22 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 June 2022, Claremore Main Street Inc reported income of $129k and spending of $123k, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $90k to $129k (+44%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Claremore Main Street Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OK. Charities of a similar size with the same main cause include Federal Hill Main Street Inc ($129k), Huron County Development Council ($129k) and Clearview Family Resources ($129k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $139k against liabilities of $1,729, net assets of $137k. It reported 1 employees.