Howell Main Street Inc

Analysis

Howell Main Street Inc is a registered charity in United States, based in Howell, MI. It received its IRS tax-exemption ruling in June 2016, 10 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 2024, Howell Main Street Inc reported income of $136k and spending of $143k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $245k to $136k (-45%), an average of -11% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Howell Main Street Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Clearwater Community Foundation Inc ($136k), Unite Here Education and Support Fund ($136k) and Main Street Greenfield ($136k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.7% and program service revenue 88% of the total. Other salaries and wages came to $47k. At year end it held assets of $318k against liabilities of $15k, net assets of $303k. It reported 1 employees.