Dover Main Street Inc
Dover Main Street Inc consistently operates with a surplus and no officer compensation.
EIN: 20509406 · Dover, NH · NTEE: S200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $37K |
| Program Spending | 85% |
| Net Assets | $87K |
| Transparency Score | 90/100 |
Is Dover 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 →
Dover Main Street Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dover Main Street Inc
Dover Main Street Inc (EIN: 20509406) is a nonprofit organization based in Dover, NH, classified under NTEE code S200. The organization reported total revenue of $58K and total assets of $110K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dover Main Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dover Main Street Inc is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $37K |
| Surplus / Deficit | +$16K |
| Total Assets | $87K |
| Net Assets | $87K |
| Operating Margin | 29.8% |
| Months of Reserves | 28.5 months |
Financial Health Grade: A
In 2023, Dover Main Street Inc reported a surplus of $16K with revenue exceeding expenses, holds 28.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Dover Main Street Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | -3.2% | +28.9% |
| 2022 | +70.4% | +28.8% | +6.2% |
| 2021 | -25.3% | +0.2% | -4.6% |
| 2020 | -53.1% | -42.7% | +7.4% |
| 2019 | +8.9% | -46.9% | +64.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Dover Main Street Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Dover 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 surplus of $16K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is highly efficient for a small nonprofit.
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 Dover Main Street Inc:
- Consistent positive net income in recent years (e.g., $15,603 surplus in 2023).
- Zero reported liabilities across multiple recent filings (2020-2023), indicating strong financial health.
- Consistent 0% officer compensation, suggesting high efficiency and dedication of resources to mission.
- Growing asset base from $63,809 in 2021 to $87,369 in 2023.
- Regular and extensive filing history (13 filings), demonstrating good transparency.
Frequently Asked Questions about Dover Main Street Inc
Is Dover Main Street Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dover Main Street Inc (EIN: 20509406) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Dover Main Street Inc spend its money?
Dover Main Street Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dover Main Street Inc tax-deductible?
Dover Main Street Inc is registered as a tax-exempt nonprofit (EIN: 20509406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dover Main Street Inc's spending goes to programs?
Dover Main Street Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dover Main Street Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Dover Main Street Inc is above average for NTEE category S200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dover Main Street Inc located?
Dover Main Street Inc is headquartered in Dover, New Hampshire and files with the IRS under EIN 20509406. It is classified under NTEE code S200.
How many years of IRS 990 filings does Dover Main Street Inc have?
Dover Main Street Inc has 13 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 $58K in total revenue.
Is Dover Main Street Inc financially stable?
Yes, Dover Main Street Inc appears financially stable. In 2023, it had a surplus of $15,603 ($52,326 revenue - $36,723 expenses) and has consistently reported zero liabilities in recent years, with growing assets.
Does Dover Main Street Inc pay its officers?
Based on the IRS 990 data, Dover Main Street Inc consistently reports 0% officer compensation across all 13 available filings, suggesting officers are not compensated or are volunteers.
How has Dover Main Street Inc's revenue trended?
Dover Main Street Inc's revenue has fluctuated but shown recent growth, increasing from $26,346 in 2021 to $52,326 in 2023, after a dip from a high of $75,241 in 2019.
Filing History
IRS 990 filing history for Dover Main Street Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dover Main Street Inc's revenue has grown by 51.7%, moving from $35K to $52K. Total assets increased by 28.6% over the same period, from $68K to $87K. Total functional expenses rose by 14%, from $32K to $37K. In its most recent filing year (2023), Dover Main Street Inc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $37K | $87K | $0 | — | — |
| 2022 | $45K | $38K | $68K | $0 | — | — |
| 2021 | $26K | $29K | $64K | $0 | — | — |
| 2020 | $35K | $29K | $67K | $0 | — | — |
| 2019 | $75K | $51K | $62K | $0 | — | View 990 |
| 2018 | $69K | $97K | $38K | $0 | — | View 990 |
| 2017 | $38K | $87K | $66K | $0 | — | View 990 |
| 2016 | $56K | $67K | $123K | $0 | — | View 990 |
| 2015 | $88K | $44K | $121K | $-588 | — | View 990 |
| 2015 | $140K | $129K | $54K | $-88 | — | View 990 |
| 2013 | $42K | $46K | $16K | $0 | — | — |
| 2012 | $51K | $71K | $19K | $0 | — | View 990 |
| 2011 | $35K | $32K | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $37K, and assets of $87K (revenue +16.5% year-over-year).
- 2022: Revenue of $45K, expenses of $38K, and assets of $68K (revenue +70.4% year-over-year).
- 2021: Revenue of $26K, expenses of $29K, and assets of $64K (revenue -25.3% year-over-year).
- 2020: Revenue of $35K, expenses of $29K, and assets of $67K (revenue -53.1% year-over-year).
- 2019: Revenue of $75K, expenses of $51K, and assets of $62K (revenue +8.9% year-over-year).
- 2018: Revenue of $69K, expenses of $97K, and assets of $38K (revenue +82.2% year-over-year).
- 2017: Revenue of $38K, expenses of $87K, and assets of $66K (revenue -32.5% year-over-year).
- 2016: Revenue of $56K, expenses of $67K, and assets of $123K (revenue -36.0% year-over-year).
- 2015: Revenue of $88K, expenses of $44K, and assets of $121K (revenue -37.4% year-over-year).
- 2015: Revenue of $140K, expenses of $129K, and assets of $54K (revenue +231.4% year-over-year).
- 2013: Revenue of $42K, expenses of $46K, and assets of $16K (revenue -16.8% year-over-year).
- 2012: Revenue of $51K, expenses of $71K, and assets of $19K (revenue +47.3% year-over-year).
- 2011: Revenue of $35K, expenses of $32K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dover Main Street Inc:
Data Sources and Methodology
This transparency report for Dover 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.