Opelika Main Street Inc

Analysis

Opelika Main Street Inc is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in April 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, Opelika Main Street Inc reported income of $164k and spending of $184k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $387k to $164k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opelika Main Street Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within AL. Charities of a similar size with the same main cause include Oak Cliff Veggie Project Inc ($164k), West Bloomington Revitalization Project Corporation ($164k) and Block Gives Back Corp ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $52k. At year end it held assets of $601k against liabilities of $294k, net assets of $307k. It reported 1 employees.