Batesville Main Street Inc

Analysis

Batesville Main Street Inc is a registered charity in United States, based in Batesville, IN. It received its IRS tax-exemption ruling in July 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, Batesville Main Street Inc reported income of $115k and spending of $52k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $374k to $115k (-69%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Batesville Main Street Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Durand Charm NFP ($115k), Friends of SW 9th ($115k) and Kewaunee County Economic Development Corporation ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (77% of expenses). At year end it held assets of $183k against liabilities of $353, net assets of $183k.