Main Street Foundation

Analysis

Main Street Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Main Street Foundation reported income of $997k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $960k to $997k (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Main Street Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include E M Holt Community Volunteer Fire Department ($997k), Koinonia Farm ($997k) and Wee Care at Labor ($997k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $107k (9.5% of expenses). Other salaries and wages came to $296k. At year end it held assets of $615k against liabilities of $615k, net assets of $638.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.