Quick charity verification for Main Street Searcy Inc (EIN: 201892513)
Verdict: Main Street Searcy Inc appears trustworthy
85/100Mission Score
$238KRevenue
$61KAssets
1Red Flags
4Strengths
Red Flags
Inconsistent revenue streams leading to occasional deficits (e.g., 2023, 2022, 2018, 2016).
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for mission.
Consistent filing of IRS Form 990s, demonstrating transparency.
General growth in assets over the long term, from $34,026 in 2014 to $52,855 in 2023.
Low liabilities in most reporting periods.
Spending Breakdown
How Main Street Searcy Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Searcy Inc
Is Main Street Searcy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Main Street Searcy Inc (EIN: 201892513) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Main Street Searcy Inc a good charity to donate to?
Main Street Searcy Inc has a Mission Score of 85/100. Revenue: $238K. Assets: $61K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Main Street Searcy Inc?
The Employer Identification Number (EIN) for Main Street Searcy Inc is 201892513. 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 Searcy Inc spend its money?
Main Street Searcy Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Main Street Searcy Inc's tax-exempt status?
You can verify Main Street Searcy Inc's tax-exempt status using EIN 201892513 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 Searcy Inc. demonstrates a consistent commitment to its mission of community revitalization, as evidenced by its NTEE code S20 (Community Development). The organization's financial health shows some fluctuations in revenue and expenses over the past decade. For instance, in 2023, expenses ($126,487) slightly exceeded revenue ($122,436), leading to a small deficit. However, in previous years like 2021 and 2020, revenue significantly outpaced expenses, contributing to asset growth. The organization's assets have generally grown over time, from $34,026 in 2014 to $52,855 in 2023, indicating some financial stability despite year-to-year variations.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests that the organization is not burdened by high executive salaries, which is a positive indicator for donor confidence. The organization's liabilities have remained relatively low, typically under $4,000, except for a spike in 2016 ($38,353), which suggests responsible financial management in most periods. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency in its financial reporting.