Villa Rica Mainstreet Inc

Analysis

Villa Rica Mainstreet Inc is a registered charity in United States, based in Villa Rica, GA. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, Villa Rica Mainstreet Inc reported income of $73k and spending of $89k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $80k to $73k (-9.2%), an average of -4.7% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Villa Rica Mainstreet Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Meeting Professionals International ($73k), Lebanon Missouri Main Street Inc ($73k) and South Kitsap Rotary Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. At year end it held assets of $15k against liabilities of $2,573, net assets of $12k.