New Albany Main Street Association

Analysis

New Albany Main Street Association is a registered charity in United States, based in New Albany, MS. It received its IRS tax-exemption ruling in October 1997, 29 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, New Albany Main Street Association reported income of $243k and spending of $140k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $243k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Albany Main Street Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MS. Charities of a similar size with the same main cause include Unitarian Universalist Justice Pennsylvania ($243k), Medical Toxicology Foundation ($243k) and Ashland Senior Community Center Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $8,863. At year end it held assets of $411k against liabilities of $6,935, net assets of $404k. It reported 5 employees.