Leland Chamber of Commerce-Leland Main Street Association

Analysis

Leland Chamber of Commerce-Leland Main Street Association is a registered charity in United States, based in Leland, MS. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Leland Chamber of Commerce-Leland Main Street Association reported income of $271k and spending of $200k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $271k (+26%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 32%. 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, Leland Chamber of Commerce-Leland Main Street Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MS. Charities of a similar size with the same main cause include Aaa Residential Resources Inc ($271k), Colleyville Womans Club ($271k) and The Gathering of Healthcare Simulation Technology Specialists ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $8,000 (4.0% of expenses). Other salaries and wages came to $8,000. At year end it held assets of $139k against liabilities of $867, net assets of $138k.