Fayetteville Main Street Inc

Analysis

Fayetteville Main Street Inc is a registered charity in United States, based in Fayetteville, TN. It received its IRS tax-exemption ruling in November 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 June 2024, Fayetteville Main Street Inc reported income of $135k and spending of $129k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $63k to $135k (+113%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 65%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fayetteville Main Street Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include San Luis Obispo County Womenade ($135k), El Segundo Economic Development Corporation ($135k) and Birzeit Society-Usa Inc ($135k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $121k against liabilities of $1,778, net assets of $120k.