Main Street Jasper Inc

Analysis

Main Street Jasper Inc is a registered charity in United States, based in Jasper, IN. It received its IRS tax-exemption ruling in July 2020, 6 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, Main Street Jasper Inc reported income of $297k and spending of $255k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $204k to $297k (+46%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Main Street Jasper Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Portland Rotary Charitable Trust ($297k), Jobs with Justice Education Fund ($297k) and Act Now Education Organization Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $28k. At year end it held assets of $116k against liabilities of $1,760, net assets of $114k. It reported 1 employees.