Amory Main Street Inc
Amory Main Street Inc operates with lean finances and no reported officer compensation, consistently spending near its annual revenue.
EIN: 201738098 · Amory, MS · NTEE: S20 · Updated: 2026-03-28
Is Amory Main Street Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amory Main Street Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amory Main Street Inc
Amory Main Street Inc (EIN: 201738098) is a nonprofit organization based in Amory, MS, classified under NTEE code S20. The organization reported total revenue of $90K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amory Main Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amory Main Street Inc is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $67K |
| Surplus / Deficit | $-56 |
| Total Assets | $13K |
| Net Assets | $13K |
| Operating Margin | -0.1% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, Amory Main Street Inc reported a deficit of $56 with expenses exceeding revenue, holds 2.4 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Amory Main Street Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.7% | -23.6% | -0.4% |
| 2022 | +8.2% | +3.0% | +86.2% |
| 2021 | +55.1% | +62.7% | +28.2% |
| 2020 | +5.1% | -10.5% | +68.1% |
| 2019 | -8.1% | -8.4% | -52.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amory Main Street Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Amory Main Street Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56, with expenses exceeding revenue.
Executive Compensation Analysis
Amory Main Street Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a strong positive for a nonprofit of its size, suggesting a volunteer-led or very lean executive structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Amory Main Street Inc's IRS 990 filings:
- Low asset base relative to annual revenue, limiting financial reserves
- Limited detailed expense breakdown in 990 filings to fully assess program vs. overhead spending
Strengths
The following positive indicators were identified for Amory Main Street Inc:
- Consistent 0% officer compensation reported across all filings
- No reported liabilities in recent years (2020-2023)
- Expenses closely match revenue, indicating efficient use of funds
- Consistent filing of IRS 990s demonstrating transparency
- Revenue growth over the past decade
Frequently Asked Questions about Amory Main Street Inc
Is Amory Main Street Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Amory Main Street Inc (EIN: 201738098) some concerns. Mission Score: 80/100. 2 red flags identified, 5 strengths noted.
How does Amory Main Street Inc spend its money?
Amory Main Street Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amory Main Street Inc tax-deductible?
Amory Main Street Inc is registered as a tax-exempt nonprofit (EIN: 201738098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Amory Main Street Inc a good charity?
Based on the available IRS 990 data, Amory Main Street Inc appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation and its lean operational model where expenses closely match revenue, suggesting funds are directly applied to its mission.
How does Amory Main Street Inc manage its finances?
Amory Main Street Inc manages its finances by operating very close to its annual revenue, with expenses often nearly equaling income (e.g., $66,894 revenue vs. $66,950 expenses in 2023). It maintains low assets relative to its revenue and has reported no liabilities in recent years, indicating a pay-as-you-go approach.
What is the trend in Amory Main Street Inc's revenue?
Amory Main Street Inc's revenue has shown an upward trend over the past decade, increasing from $42,648 in 2014 to $66,894 in 2023, with some fluctuations year-to-year. The latest reported revenue is $89,671, indicating continued growth.
Filing History
IRS 990 filing history for Amory Main Street Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Amory Main Street Inc's revenue has grown by 32.4%, moving from $51K to $67K. Total assets decreased by 29.6% over the same period, from $19K to $13K. Total functional expenses rose by 39.8%, from $48K to $67K. In its most recent filing year (2023), Amory Main Street Inc reported a deficit of $56, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $67K | $13K | $0 | — | — |
| 2022 | $94K | $88K | $13K | $0 | — | — |
| 2021 | $87K | $85K | $7K | $0 | — | — |
| 2020 | $56K | $52K | $6K | $0 | — | View 990 |
| 2019 | $53K | $58K | $3K | $2K | — | View 990 |
| 2018 | $58K | $64K | $7K | $678 | — | View 990 |
| 2016 | $54K | $50K | $11K | $461 | — | View 990 |
| 2015 | $46K | $50K | $6K | $427 | — | View 990 |
| 2014 | $43K | $48K | $10K | $427 | — | View 990 |
| 2013 | $53K | $60K | $15K | $508 | — | View 990 |
| 2012 | $67K | $63K | $22K | $645 | — | View 990 |
| 2011 | $51K | $48K | $19K | $603 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $67K, and assets of $13K (revenue -28.7% year-over-year).
- 2022: Revenue of $94K, expenses of $88K, and assets of $13K (revenue +8.2% year-over-year).
- 2021: Revenue of $87K, expenses of $85K, and assets of $7K (revenue +55.1% year-over-year).
- 2020: Revenue of $56K, expenses of $52K, and assets of $6K (revenue +5.1% year-over-year).
- 2019: Revenue of $53K, expenses of $58K, and assets of $3K (revenue -8.1% year-over-year).
- 2018: Revenue of $58K, expenses of $64K, and assets of $7K (revenue +7.2% year-over-year).
- 2016: Revenue of $54K, expenses of $50K, and assets of $11K (revenue +16.4% year-over-year).
- 2015: Revenue of $46K, expenses of $50K, and assets of $6K (revenue +8.7% year-over-year).
- 2014: Revenue of $43K, expenses of $48K, and assets of $10K (revenue -19.2% year-over-year).
- 2013: Revenue of $53K, expenses of $60K, and assets of $15K (revenue -20.8% year-over-year).
- 2012: Revenue of $67K, expenses of $63K, and assets of $22K (revenue +32.0% year-over-year).
- 2011: Revenue of $51K, expenses of $48K, and assets of $19K.
Data Sources and Methodology
This transparency report for Amory Main Street Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.