Main Street Russellville

Analysis

Main Street Russellville is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in October 2021, 5 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 Russellville reported income of $159k and spending of $166k, spending 105% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $143k to $159k (+11%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 64% 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 Russellville sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AR. Charities of a similar size with the same main cause include Montana Economic Developers Association ($159k), Montpelier Eagles 2246 Benevolent Association ($159k) and Clemson Community Foundation ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 34% of the total. At year end it held assets of $453k against liabilities of $7,873, net assets of $445k.