Ashland Main Street Association
Ashland Main Street Association shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 208485704 · Ashland, VA · NTEE: S80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $187K |
| Program Spending | 80% |
| Net Assets | $181K |
| Transparency Score | 90/100 |
Is Ashland Main Street Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ashland Main Street Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ashland Main Street Association
Ashland Main Street Association (EIN: 208485704) is a nonprofit organization based in Ashland, VA, classified under NTEE code S80. The organization reported total revenue of $250K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashland Main Street Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashland Main Street Association is a small nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $187K |
| Surplus / Deficit | +$42K |
| Total Assets | $185K |
| Total Liabilities | $4K |
| Net Assets | $181K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2023, Ashland Main Street Association reported a surplus of $42K with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Ashland Main Street Association's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.3% | +15.2% | +19.0% |
| 2022 | -35.3% | +48.2% | -4.4% |
| 2021 | +94.8% | -21.1% | +457.8% |
| 2020 | +51.3% | +36.7% | +889.3% |
| 2019 | +20.4% | +41.6% | +138.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Ashland Main Street Association with a Mission Score of 90 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ashland Main Street Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Ashland Main Street Association consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Ashland Main Street Association:
- Strong and consistent revenue growth, from $71,306 in 201806 to $229,591 in 202306.
- Significant asset accumulation, increasing from $1,236 in 201806 to $185,030 in 202306.
- Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
- Expenses generally well-managed relative to revenue, leading to financial surpluses in most recent periods.
- Low liabilities relative to assets, suggesting strong financial stability.
Frequently Asked Questions about Ashland Main Street Association
Is Ashland Main Street Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Ashland Main Street Association (EIN: 208485704) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Ashland Main Street Association spend its money?
Ashland Main Street Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ashland Main Street Association tax-deductible?
Ashland Main Street Association is registered as a tax-exempt nonprofit (EIN: 208485704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ashland Main Street Association's spending goes to programs?
Ashland Main Street Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ashland Main Street Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ashland Main Street Association is above average for NTEE category S80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ashland Main Street Association located?
Ashland Main Street Association is headquartered in Ashland, Virginia and files with the IRS under EIN 208485704. It is classified under NTEE code S80.
How many years of IRS 990 filings does Ashland Main Street Association have?
Ashland Main Street Association has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $250K in total revenue.
Is Ashland Main Street Association a good charity?
Based on its financial data, Ashland Main Street Association appears to be a good charity. It demonstrates strong financial health, consistent asset growth (from $1,236 in 201806 to $185,030 in 202306), and a commitment to its mission by reporting 0% officer compensation.
How has Ashland Main Street Association's financial health changed over time?
The organization has shown significant financial improvement. Revenue has grown from $71,306 in 201806 to $229,591 in 202306, and assets have increased dramatically from $1,236 to $185,030 in the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Ashland Main Street Association has consistently reported 0% officer compensation in all available filings, indicating a volunteer-led or very lean executive structure that prioritizes program spending over salaries.
Filing History
IRS 990 filing history for Ashland Main Street Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Ashland Main Street Association's revenue has grown by 461.5%, moving from $41K to $230K. Total assets increased by 833.3% over the same period, from $20K to $185K. Total functional expenses rose by 616.9%, from $26K to $187K. In its most recent filing year (2023), Ashland Main Street Association reported a surplus of $42K, with revenue exceeding expenses. The organization holds $4K in liabilities against $185K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230K | $187K | $185K | $4K | — | View 990 |
| 2022 | $164K | $162K | $156K | $11K | — | View 990 |
| 2021 | $253K | $110K | $163K | $21K | — | — |
| 2020 | $130K | $139K | $29K | $53K | — | View 990 |
| 2019 | $86K | $102K | $3K | $18K | — | View 990 |
| 2018 | $71K | $72K | $1K | $404 | — | View 990 |
| 2017 | $71K | $77K | $2K | $664 | — | View 990 |
| 2013 | $41K | $26K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230K, expenses of $187K, and assets of $185K (revenue +40.3% year-over-year).
- 2022: Revenue of $164K, expenses of $162K, and assets of $156K (revenue -35.3% year-over-year).
- 2021: Revenue of $253K, expenses of $110K, and assets of $163K (revenue +94.8% year-over-year).
- 2020: Revenue of $130K, expenses of $139K, and assets of $29K (revenue +51.3% year-over-year).
- 2019: Revenue of $86K, expenses of $102K, and assets of $3K (revenue +20.4% year-over-year).
- 2018: Revenue of $71K, expenses of $72K, and assets of $1K (revenue +0.7% year-over-year).
- 2017: Revenue of $71K, expenses of $77K, and assets of $2K (revenue +73.3% year-over-year).
- 2013: Revenue of $41K, expenses of $26K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashland Main Street Association:
Data Sources and Methodology
This transparency report for Ashland Main Street Association 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.