Is Waterbury Main Street Inc Legit? —…

Spending Breakdown

How Waterbury Main Street 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

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 Waterbury Main Street Inc

Is Waterbury Main Street Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Waterbury Main Street Inc (EIN: 10817355) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Waterbury Main Street Inc a good charity to donate to?

Waterbury Main Street Inc has a Mission Score of 75/100. Revenue: $228K. Assets: $61K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Waterbury Main Street Inc?

The Employer Identification Number (EIN) for Waterbury Main Street Inc is 10817355. 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 Waterbury Main Street Inc spend its money?

Waterbury Main Street Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Waterbury Main Street Inc's tax-exempt status?

You can verify Waterbury Main Street Inc's tax-exempt status using EIN 10817355 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

Waterbury Main Street Inc. demonstrates a consistent operational history with fluctuating but generally stable revenue streams, averaging around $110,000-$120,000 annually over the past decade. The organization's financial health appears to be managed with a lean approach, as evidenced by its relatively modest asset base, which stood at $60,674 in the latest filing (Period 202406). While the organization has experienced periods where expenses exceeded revenue, such as in 202206 ($99,331 expenses vs. $89,657 revenue) and 202106 ($118,845 expenses vs. $96,508 revenue), it has also shown periods of surplus, like in 202406 ($121,334 revenue vs. $96,114 expenses). The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven or very low-overhead leadership structure, which can be a positive indicator of resource allocation towards its mission. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The organization's liabilities have varied, reaching a high of $77,765 in 202306, but have since decreased to $18,992 in 202406, indicating an improvement in its short-term financial obligations.

Is Waterbury Main Street Inc Legit?

Verdict: Waterbury Main Street Inc appears trustworthy

Red Flags

Strengths