Brunswick Main Street Inc
Brunswick Main Street Inc shows strong revenue growth and zero officer compensation, indicating efficient financial management.
EIN: 201752140 · Brunswick, MD · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $592K |
| Total Expenses | $258K |
| Program Spending | 90% |
| Net Assets | $87K |
| Transparency Score | 92/100 |
Is Brunswick Main Street Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brunswick Main Street Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brunswick Main Street Inc
Brunswick Main Street Inc (EIN: 201752140) is a nonprofit organization based in Brunswick, MD, classified under NTEE code S20. The organization reported total revenue of $592K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brunswick Main Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brunswick Main Street Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $301K |
| Total Expenses | $258K |
| Surplus / Deficit | +$43K |
| Total Assets | $87K |
| Net Assets | $87K |
| Operating Margin | 14.1% |
| Months of Reserves | 4.0 months |
Financial Health Grade: A
In 2023, Brunswick Main Street Inc reported a surplus of $43K with revenue exceeding expenses, holds 4.0 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), Brunswick Main Street Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.5% | +94.5% | +96.4% |
| 2022 | -49.1% | -36.0% | -22.4% |
| 2021 | -31.7% | -39.4% | +100.2% |
| 2020 | +240.4% | +196.5% | +80.5% |
| 2019 | +58.8% | +172.4% | -45.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Brunswick Main Street Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Brunswick Main Street Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $43K, with revenue exceeding expenses.
Executive Compensation Analysis
Brunswick Main Street Inc consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for a nonprofit of its size and revenue.
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 Brunswick Main Street Inc:
- Consistent revenue growth, especially in recent years (e.g., $300,737 in 202306 vs. $19,093 in 201706).
- 0% officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Strong financial health with minimal to no liabilities reported in most periods.
- Positive net assets growth, reaching $86,595 in 202306.
- Expenses generally align with or are slightly below revenue, suggesting good financial control (e.g., $258,222 expenses vs. $300,737 revenue in 202306).
Frequently Asked Questions about Brunswick Main Street Inc
Is Brunswick Main Street Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brunswick Main Street Inc (EIN: 201752140) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Brunswick Main Street Inc spend its money?
Brunswick Main Street Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brunswick Main Street Inc tax-deductible?
Brunswick Main Street Inc is registered as a tax-exempt nonprofit (EIN: 201752140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brunswick Main Street Inc's spending goes to programs?
Brunswick Main Street Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brunswick Main Street Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Brunswick Main Street Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brunswick Main Street Inc located?
Brunswick Main Street Inc is headquartered in Brunswick, Maryland and files with the IRS under EIN 201752140. It is classified under NTEE code S20.
How many years of IRS 990 filings does Brunswick Main Street Inc have?
Brunswick Main Street Inc has 12 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 $592K in total revenue.
Is Brunswick Main Street Inc a good charity?
Based on the available IRS 990 data, Brunswick Main Street Inc appears to be a very good charity. They demonstrate strong financial health, consistent revenue growth, and a remarkable commitment to directing all funds to their mission by reporting 0% officer compensation.
How has Brunswick Main Street Inc's revenue changed over time?
Brunswick Main Street Inc has experienced significant revenue growth, particularly in recent years. Revenue increased from $19,093 in 201706 to $300,737 in 202306, with the latest reported revenue at $592,167, indicating substantial expansion.
Does Brunswick Main Street Inc have any debt?
For most of the reported periods, including the latest available filing (202306), Brunswick Main Street Inc reports $0 in liabilities, indicating they are largely debt-free.
Filing History
IRS 990 filing history for Brunswick Main Street Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Brunswick Main Street Inc's revenue has grown by 174.5%, moving from $110K to $301K. Total assets increased by 930.5% over the same period, from $8K to $87K. Total functional expenses rose by 153.4%, from $102K to $258K. In its most recent filing year (2023), Brunswick Main Street Inc reported a surplus of $43K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $301K | $258K | $87K | $0 | — | — |
| 2022 | $120K | $133K | $44K | $0 | — | View 990 |
| 2021 | $236K | $207K | $57K | $0 | — | View 990 |
| 2020 | $345K | $342K | $28K | $0 | — | View 990 |
| 2019 | $101K | $115K | $16K | $1K | — | View 990 |
| 2018 | $64K | $42K | $29K | $0 | — | — |
| 2017 | $19K | $32K | $7K | $0 | — | View 990 |
| 2016 | $28K | $25K | $20K | $0 | — | View 990 |
| 2015 | $28K | $34K | $18K | $0 | — | — |
| 2014 | $32K | $30K | $23K | $0 | — | View 990 |
| 2013 | $68K | $56K | $21K | $142 | — | View 990 |
| 2012 | $110K | $102K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $301K, expenses of $258K, and assets of $87K (revenue +150.5% year-over-year).
- 2022: Revenue of $120K, expenses of $133K, and assets of $44K (revenue -49.1% year-over-year).
- 2021: Revenue of $236K, expenses of $207K, and assets of $57K (revenue -31.7% year-over-year).
- 2020: Revenue of $345K, expenses of $342K, and assets of $28K (revenue +240.4% year-over-year).
- 2019: Revenue of $101K, expenses of $115K, and assets of $16K (revenue +58.8% year-over-year).
- 2018: Revenue of $64K, expenses of $42K, and assets of $29K (revenue +234.7% year-over-year).
- 2017: Revenue of $19K, expenses of $32K, and assets of $7K (revenue -30.8% year-over-year).
- 2016: Revenue of $28K, expenses of $25K, and assets of $20K (revenue -0.6% year-over-year).
- 2015: Revenue of $28K, expenses of $34K, and assets of $18K (revenue -13.1% year-over-year).
- 2014: Revenue of $32K, expenses of $30K, and assets of $23K (revenue -52.7% year-over-year).
- 2013: Revenue of $68K, expenses of $56K, and assets of $21K (revenue -38.3% year-over-year).
- 2012: Revenue of $110K, expenses of $102K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brunswick Main Street Inc:
Data Sources and Methodology
This transparency report for Brunswick 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.