Main Street Columbus Inc

Analysis

Main Street Columbus Inc is a registered charity in United States, based in Columbus, MS. It received its IRS tax-exemption ruling in March 2015, 11 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, Main Street Columbus Inc reported income of $460k and spending of $345k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $460k (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 92% 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 Columbus Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MS. Charities of a similar size with the same main cause include Pathways to Independence of Central Ohio ($460k), McDevco Inc ($460k) and Lead Brevard Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $82k. At year end it held assets of $241k against liabilities of $2,723, net assets of $239k. It reported 2 employees.