Friends of Bastrop Main St Inc

Analysis

Friends of Bastrop Main St Inc is a registered charity in United States, based in Bastrop, LA. It received its IRS tax-exemption ruling in April 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Bastrop Main St Inc reported income of $80k and spending of $89k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $80k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Bastrop Main St Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within LA. Charities of a similar size with the same main cause include Meeting Professionals International ($80k), Philadelphia Diversity Law Group Inc ($80k) and Kosciusko Development Land Trust Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 48% of the total. Compensation of current officers, directors and key employees was $18k (20% of expenses). Other salaries and wages came to $20k. At year end it held assets of $41k against liabilities of $0, net assets of $41k. It reported 7 employees.