Main Street Leeds

Analysis

Main Street Leeds is a registered charity in United States, based in Leeds, AL. 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, Main Street Leeds reported income of $73k and spending of $84k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $73k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 77% 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 Leeds sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within AL. Charities of a similar size with the same main cause include Punahou O Mens Club ($73k), Braintree Rotary Foundation Inc ($73k) and SGV Charitable Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.