Calera Main Street Inc

Analysis

Calera Main Street Inc is a registered charity in United States, based in Calera, AL. It received its IRS tax-exemption ruling in March 2022, 4 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, Calera Main Street Inc reported income of $147k and spending of $113k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $68k to $147k (+116%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Calera Main Street Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AL. Charities of a similar size with the same main cause include Creative Portland Corporation ($147k), Downtown Brooklyn Neighborhood Alliance ($147k) and City League Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.