Grants Main Street Project

Analysis

Grants Main Street Project is a registered charity in United States, based in Grants, NM. It received its IRS tax-exemption ruling in June 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grants Main Street Project reported income of $219k and spending of $69k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $71k to $219k (+209%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 585%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grants Main Street Project sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NM. Charities of a similar size with the same main cause include Start Fort Wayne Inc ($218k), Minnesota Indigenous Business Alliance ($219k) and Forest Avenue District Management Association Inc ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $39k (56% of expenses). At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 1 employees.