Consistent history of expenses significantly exceeding reported revenue, raising questions about financial sustainability.
Significant decline in assets from $104,543 in 2011 to $0 currently, suggesting a depletion of reserves.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive pay burden.
History of IRS 990 filings demonstrates a commitment to transparency, even with minimal activity.
Spending Breakdown
How Main Street Mile Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Main Street Mile Inc
Is Main Street Mile Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Main Street Mile Inc (EIN: 113735163) has notable concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
Is Main Street Mile Inc a good charity to donate to?
Main Street Mile Inc has a Mission Score of 30/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Main Street Mile Inc?
The Employer Identification Number (EIN) for Main Street Mile Inc is 113735163. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Main Street Mile Inc spend its money?
Main Street Mile Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Main Street Mile Inc's tax-exempt status?
You can verify Main Street Mile Inc's tax-exempt status using EIN 113735163 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Main Street Mile Inc. appears to be a very small organization, possibly a grassroots effort, given its consistently low revenue figures over the past decade. The latest reported revenue is $0, and assets are also $0, which suggests either a complete cessation of activity or a significant decline from previous years where assets were as high as $104,543 in 2011. The organization has frequently reported expenses significantly exceeding revenue, such as in 2020 where expenses were $20,000 against only $40 in revenue, and in 2013 with $40,581 in expenses against $14,488 in revenue. This pattern indicates a reliance on prior year assets or external funding not captured as revenue in these specific filings, or a consistent operating deficit.
The financial health is concerning due to the current zero revenue and assets, and the historical trend of expenses often dwarfing revenue. While officer compensation has consistently been 0%, which is positive for donor confidence in terms of executive pay, the overall financial sustainability is questionable. The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the top-line figures. The organization's transparency is moderate, as it has a consistent filing history, but the financial picture presented raises questions about its ongoing operations and funding model.