Main Street Union City Inc

Analysis

Main Street Union City Inc is a registered charity in United States, based in Union City, TN. It received its IRS tax-exemption ruling in May 1992, 34 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 June 2024, Main Street Union City Inc reported income of $146k and spending of $123k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $106k to $146k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 92% 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 Union City Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Beaverton Downtown Association Inc ($146k), Navigation Games Inc ($146k) and Agricultural Development Initiatives ($146k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 24% of the total. Other salaries and wages came to $44k. At year end it held assets of $242k against liabilities of $0, net assets of $242k. It reported 1 employees.