Clovis Mainstreet Inc

Analysis

Clovis Mainstreet Inc is a registered charity in United States, based in Clovis, NM. It received its IRS tax-exemption ruling in January 2002, 24 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, Clovis Mainstreet Inc reported income of $123k and spending of $86k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $123k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clovis Mainstreet Inc 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 42nd percentile, and in the 38th percentile within NM. Charities of a similar size with the same main cause include Rotary Club of Cooperville ($123k), Village Place ($123k) and Colville Main Street ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. At year end it held assets of $110k against liabilities of $9,291, net assets of $101k.