Okeechobee Main St Inc

Analysis

Okeechobee Main St Inc is a registered charity in United States, based in Okeechobee, FL. It received its IRS tax-exemption ruling in April 2005, 21 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 September 2023, Okeechobee Main St Inc reported income of $194k and spending of $207k, spending 107% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $551k to $194k (-65%), an average of -65% a year. The sharpest change came in the year to September 2023, when income dropped by 65%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Okeechobee Main St Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Restoration of Petersburg Community Development Corporation ($194k), Upper Arlington Rotary Charitable Foundation ($194k) and Bridges Community Economic Development Corp ($194k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $30k. At year end it held assets of $139k against liabilities of $2,422, net assets of $137k. It reported 2 employees.