Main Street Siloam Springs Inc

Analysis

Main Street Siloam Springs Inc is a registered charity in United States, based in Siloam SPGS, AR. It received its IRS tax-exemption ruling in September 1998, 28 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 Siloam Springs Inc reported income of $168k and spending of $149k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $168k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 106% 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 Siloam Springs Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within AR. Charities of a similar size with the same main cause include Custer Economic Development Corp ($167k), Port Clinton Lighthouse Conservancy ($168k) and Council for Rural Virginia ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $50k (33% of expenses). Other salaries and wages came to $30k. At year end it held assets of $29k against liabilities of $24k, net assets of $5,389. It reported 4 employees.