Main Street Mobile Inc

Analysis

Main Street Mobile Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 1993, 33 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 Mobile Inc reported income of $203k and spending of $172k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $158k to $203k (+28%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 72%. 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, Main Street Mobile Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within AL. Charities of a similar size with the same main cause include Raise a Glass Foundation Inc ($203k), Friends of the Gallatin National Forest Avalanche Center ($203k) and Midco Inc ($203k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. At year end it held assets of $785k against liabilities of $22, net assets of $785k.