Mainstreet of Athens

Analysis

Mainstreet of Athens is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in September 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, Mainstreet of Athens reported income of $116k and spending of $160k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $116k (-5.6%), an average of -5.6% a year. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mainstreet of Athens sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Santa Barbara Rotary Charitable Foundation ($116k), General Federation of Womens Club ($116k) and Kalamazoo in Bloom Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $74k against liabilities of $1,678, net assets of $73k.