Main Street El Dorado

Analysis

Main Street El Dorado is a registered charity in United States, based in El Dorado, AR. It received its IRS tax-exemption ruling in May 1989, 37 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 El Dorado reported income of $466k and spending of $481k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $466k (+116%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 98% 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 El Dorado 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 71st percentile within AR. Charities of a similar size with the same main cause include Mobilisation Lab Collective Inc ($466k), Civstart Corp ($466k) and Cracked Pot Coffee Shop ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $34k. At year end it held assets of $53k against liabilities of $8,551, net assets of $44k. It reported 2 employees.