Main Street Lawrenceburg Inc

Analysis

Main Street Lawrenceburg Inc is a registered charity in United States, based in Lawrenceburg, TN. It received its IRS tax-exemption ruling in October 1996, 30 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 Lawrenceburg Inc reported income of $53k and spending of $43k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $72k to $53k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 81% 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 Lawrenceburg Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within TN. Charities of a similar size with the same main cause include Fresno Street Saints Inc ($53k), Wit Whatever It Takes Coalition ($53k) and Mirebalais Avant Tout Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Other salaries and wages came to $28k. At year end it held assets of $46k against liabilities of $1,320, net assets of $45k. It reported 1 employees.