Is Mainstreet Las Vegas Inc Legit?

Quick charity verification for Mainstreet Las Vegas Inc (EIN: 203922979)

Verdict: Mainstreet Las Vegas Inc appears trustworthy

85/100Mission Score
$86KRevenue
$22KAssets
1Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Mainstreet Las Vegas Inc. demonstrates a fluctuating financial performance over the past decade, with revenues varying significantly year-to-year, from a low of $68,773 in 2020 to a high of $300,103 in 2018. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the organization has experienced periods where expenses exceeded revenue, such as in 2023 ($97,467 expenses vs. $77,917 revenue) and 2019 ($115,188 expenses vs. $105,333 revenue), suggesting potential challenges in maintaining financial stability. Despite these fluctuations, the consistent reporting of no officer compensation and regular filing of IRS 990s indicate a commitment to transparency. The organization's assets have also varied, reaching a high of $127,815 in 2017, but currently stand at $65,122 as of 2023, showing some asset accumulation over time.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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