Main Street Coon Rapids

Analysis

Main Street Coon Rapids is a registered charity in United States, based in Coon Rapids, IA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Main Street Coon Rapids reported income of $139k and spending of $109k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $220k to $139k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Main Street Coon Rapids sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within IA. Charities of a similar size with the same main cause include North Dearborn Pantry Incorporated ($139k), Aries Child Learning Center ($139k) and Kingdom Leadership Academy ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $284k against liabilities of $137k, net assets of $147k.