Tiptonville Main Street

Analysis

Tiptonville Main Street is a registered charity in United States, based in Tiptonville, TN. It received its IRS tax-exemption ruling in October 1999, 27 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 2023, Tiptonville Main Street reported income of $89k and spending of $80k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $88k to $89k (+2.0%), an average of +2.0% a year. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tiptonville Main Street sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Community Coalition of South Dade Inc ($89k), Fathoms O Fun Festival Inc ($89k) and Calhoun Economic Development Corporation ($89k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 46% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.