Main Street Paragould Inc

Analysis

Main Street Paragould Inc is a registered charity in United States, based in Paragould, AR. It received its IRS tax-exemption ruling in February 1999, 27 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 Paragould Inc reported income of $172k and spending of $111k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $184k to $172k (-6.3%), an average of -6.3% a year. Over the whole period it spent 46% 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 Paragould 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 51st percentile within AR. Charities of a similar size with the same main cause include Macalester-Groveland Community Council ($172k), Mae Organization Inc ($172k) and Liberty Foundation Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $234k against liabilities of $25k, net assets of $209k.