Greendale Main Street Inc

Analysis

Greendale Main Street Inc is a registered charity in United States, based in Greendale, IN. It received its IRS tax-exemption ruling in July 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, Greendale Main Street Inc reported income of $161k and spending of $91k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $161k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. 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, Greendale Main Street Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Fredericksburg Va Main Street Inc ($161k), GLBT National Help Center Inc ($161k) and Pittsburgh Interfaith Impact ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.