Main Street McMinnville Inc

Analysis

Main Street McMinnville Inc is a registered charity in United States, based in McMinnville, TN. It received its IRS tax-exemption ruling in April 2000, 26 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, Main Street McMinnville Inc reported income of $123k and spending of $105k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $89k to $123k (+38%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 85% 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 McMinnville Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Wimberly House Ministries Inc ($123k), M a S Y Ministries ($123k) and Evansville Sports Corporation ($123k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 57% of the total. At year end it held assets of $107k against liabilities of $27k, net assets of $80k.