Picayune Main Street Inc

Analysis

Picayune Main Street Inc is a registered charity in United States, based in Picayune, MS. It received its IRS tax-exemption ruling in January 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Picayune Main Street Inc reported income of $247k and spending of $149k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $219k to $247k (+13%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Picayune Main Street Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MS. Charities of a similar size with the same main cause include Forever Parks Foundation of Pearland ($247k), Cultivate ($247k) and National Center for Resource Development ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $42k. At year end it held assets of $142k against liabilities of $0, net assets of $142k. It reported 2 employees.