Main Street Family Services

Analysis

Main Street Family Services is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Main Street Family Services reported income of $717k and spending of $674k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $530k to $717k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Main Street Family Services sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Hope for the Hungry Inc ($717k), Saint Martins Endowment ($717k) and Wonder-Voyage Missions Inc ($717k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $132k (20% of expenses). Other salaries and wages came to $310k. At year end it held assets of $678k against liabilities of $315k, net assets of $363k. It reported 26 employees.