Winnsboro Main Street Inc

Analysis

Winnsboro Main Street Inc is a registered charity in United States, based in Winnsboro, LA. It received its IRS tax-exemption ruling in February 2009, 17 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 June 2024, Winnsboro Main Street Inc reported income of $164k and spending of $166k, spending 101% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $259k to $164k (-37%), an average of -20% a year. The sharpest change came in the year to June 2024, when income dropped by 40%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Winnsboro Main Street Inc 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 48th percentile within LA. Charities of a similar size with the same main cause include West Bloomington Revitalization Project Corporation ($164k), Quality of Life Coalition Inc ($164k) and Opelika Main Street Inc ($164k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $381k against liabilities of $0, net assets of $381k.