Ardmore Main Street Authority

Analysis

Ardmore Main Street Authority is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in July 2020, 6 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 2023, Ardmore Main Street Authority reported income of $198k and spending of $253k, spending 128% of what it took in. The sharpest change came in the year to June 2022, when income rose by 312%. Over the whole period it spent 147% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ardmore Main Street Authority sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include Levy Giving Fund Inc ($198k), Southwest Tribal Fisheries Commission Inc ($198k) and Womens Civic Club of Panama City Beach Inc ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 116% and program service revenue 32% of the total. Other salaries and wages came to $70k. At year end it held assets of $576k against liabilities of $2,972, net assets of $573k. It reported 3 employees.