Main Street Enid Inc

Analysis

Main Street Enid Inc is a registered charity in United States, based in Enid, OK. It received its IRS tax-exemption ruling in June 1995, 31 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, Main Street Enid Inc reported income of $236k and spending of $262k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $173k to $236k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 23%. 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 Enid Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within OK. Charities of a similar size with the same main cause include Owatonna Incubator Inc ($236k), San Miguel Watershed Coalition ($236k) and Keweenaw Economic Development Alliance ($236k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $44k. At year end it held assets of $201k against liabilities of $85k, net assets of $116k. It reported 3 employees.