Durant Main Street

Analysis

Durant Main Street is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in December 1997, 29 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 2023, Durant Main Street reported income of $147k and spending of $103k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $131k to $147k (+12%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Durant Main Street 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 Austin Cpa Continuing Professional Education Foundation ($147k), Kansas Nonprofit Chamber Inc ($147k) and Junior League of the Great Lakes Bay Region ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (32% of expenses). At year end it held assets of $89k against liabilities of $5,406, net assets of $84k. It reported 1 employees.