Ada Main Street Inc

Analysis

Ada Main Street Inc is a registered charity in United States, based in Ada, OK. It received its IRS tax-exemption ruling in December 1991, 35 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, Ada Main Street Inc reported income of $149k and spending of $157k, spending 106% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $94k to $149k (+59%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 59%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ada Main Street Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OK. Charities of a similar size with the same main cause include Half Moon Bay Downtown Association Inc ($149k), Dress for Success Quad Cities ($149k) and NC Project Lead ($149k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 29% of the total. At year end it held assets of $59k against liabilities of $1,118, net assets of $58k.