Main Street Altus Inc

Analysis

Main Street Altus Inc is a registered charity in United States, based in Altus, OK. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2024, Main Street Altus Inc reported income of $198k and spending of $206k, spending 104% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $193k to $198k (+2.5%), an average of +1.2% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 93% 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 Altus Inc 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 Greater Palm River Point Community Development Corporation ($198k), 25045-A New Clendenin Inc ($198k) and Uptown Entertainment & Development Corporation ($198k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 59% of the total. At year end it held assets of $105k against liabilities of $2,401, net assets of $102k.