Main Street Texarkana

Analysis

Main Street Texarkana is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in July 1992, 34 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 Texarkana reported income of $250k and spending of $251k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $250k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 91% 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 Texarkana 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 62nd percentile within TX. Charities of a similar size with the same main cause include Golden Path ($250k), Winston-Salem Center for Education and the Arts ($250k) and Westwater Financial Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $69k (28% of expenses). At year end it held assets of $331k against liabilities of $2,536, net assets of $329k. It reported 3 employees.