Indianola Main Street Inc

Indianola Main Street Inc. reports zero revenue and assets in its latest filing, following a history of modest financial activity.

EIN: 204651861 · Indianola, MS · NTEE: S30 · Updated: 2026-03-28

$0Revenue

$0Assets

70/100Mission Score (Good)

S30

About Indianola Main Street Inc

Indianola Main Street Inc (EIN: 204651861) is a nonprofit organization based in Indianola, MS, classified under NTEE code S30. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indianola Main Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Indianola Main Street Inc. appears to be a small, community-focused organization with fluctuating financial activity. The most recent filing shows zero revenue and assets, which could indicate a period of dormancy or a significant change in operations not reflected in the provided historical data. Historically, the organization has maintained a healthy asset-to-liability ratio, with liabilities consistently low or zero. While the provided data doesn't detail spending categories, the absence of officer compensation across all reported periods suggests a volunteer-driven leadership model, which can be a positive indicator of efficiency for smaller nonprofits. However, the lack of recent financial activity raises questions about its current operational status and long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Indianola Main Street Inc with a Mission Score of 70 out of 100 (Good). 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: 80%
fundraising: 10%

According to IRS 990 filings, Indianola Main Street Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is common for small community-focused nonprofits and contributes to lower overhead.

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 Indianola Main Street Inc's IRS 990 filings:

Zero revenue and assets in the latest filing, indicating potential dormancy or cessation of operations.
Fluctuating revenue and expenses over historical periods, suggesting inconsistent funding or project-based operations.

Strengths

The following positive indicators were identified for Indianola Main Street Inc:

Consistent reporting of 0% officer compensation, indicating volunteer leadership and potentially lower administrative costs.
Historically low or zero liabilities, demonstrating good financial management of debt.
Positive net assets in most historical periods, showing financial stability when active.

Frequently Asked Questions about Indianola Main Street Inc

What is the current operational status of Indianola Main Street Inc., given the latest filing of $0 revenue and assets?

The latest filing suggests the organization may be dormant or has significantly scaled down operations. Further inquiry into their current activities would be necessary.

How does Indianola Main Street Inc. fund its activities without reported revenue in its latest filing?

Without current revenue, the organization would not be able to fund activities. This reinforces the possibility of dormancy or a significant operational pause.

What were the primary program activities of Indianola Main Street Inc. during its active periods?

The provided data does not specify program activities, but as a 'Main Street' organization (NTEE S30 - Community Development), it likely focused on local economic revitalization and preservation.

Filing History

IRS 990 filing history for Indianola Main Street Inc showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2011–2014), Indianola Main Street Inc's revenue has grown by 5%, moving from $78K to $82K. Total assets increased by 215.3% over the same period, from $12K to $38K. Total functional expenses fell by 27.2%, from $95K to $69K. In its most recent filing year (2014), Indianola Main Street Inc reported a surplus of $13K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2014	$82K	$69K	$38K	$0	—	View 990
2013	$38K	$16K	$25K	$0	—	View 990
2012	$72K	$80K	$4K	$829	—	View 990
2011	$78K	$95K	$12K	$826	—	View 990

Year-by-Year Financial Summary

2014: Revenue of $82K, expenses of $69K, and assets of $38K (revenue +116.2% year-over-year).
2013: Revenue of $38K, expenses of $16K, and assets of $25K (revenue -47.4% year-over-year).
2012: Revenue of $72K, expenses of $80K, and assets of $4K (revenue -7.6% year-over-year).
2011: Revenue of $78K, expenses of $95K, and assets of $12K.

Data Sources and Methodology

This transparency report for Indianola 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.