Lake Mills Main Street Program Inc
Lake Mills Main Street Program Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 205272506 · Lake Mills, WI · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $172K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $147K |
| Transparency Score | 85/100 |
Is Lake Mills Main Street Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Mills Main Street Program Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Mills Main Street Program Inc
Lake Mills Main Street Program Inc (EIN: 205272506) is a nonprofit organization based in Lake Mills, WI, classified under NTEE code S30. The organization reported total revenue of $205K and total assets of $121K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Mills Main Street Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Mills Main Street Program Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $195K |
| Total Expenses | $172K |
| Surplus / Deficit | +$23K |
| Total Assets | $149K |
| Total Liabilities | $2K |
| Net Assets | $147K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 10.4 months |
Financial Health Grade: A
In 2023, Lake Mills Main Street Program Inc reported a surplus of $23K with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 12 years of filings (2013–2023), Lake Mills Main Street Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.1% | +25.8% | +18.4% |
| 2022 | +60.0% | +160.0% | -2.6% |
| 2021 | +39.2% | -5.1% | +34.8% |
| 2020 | +246.5% | +91.2% | +4.0% |
| 2019 | -76.5% | -34.1% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Lake Mills Main Street Program Inc with a Mission Score of 85 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, Lake Mills Main Street Program 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer channels, which is highly efficient for an organization of its size with recent revenues around $200,000.
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 Lake Mills Main Street Program Inc's IRS 990 filings:
- Lack of detailed program vs. administrative expense breakdown in provided data
Strengths
The following positive indicators were identified for Lake Mills Main Street Program Inc:
- Consistent revenue growth, from $17,326 in 2019 to $195,358 in 2023.
- Healthy asset accumulation, reaching $148,746 in 2023.
- 0% reported officer compensation across all filings, indicating high efficiency.
- Positive net income in most recent years, contributing to asset growth.
- Low liabilities relative to assets, indicating financial stability (e.g., $2,226 liabilities vs. $148,746 assets in 2023).
Frequently Asked Questions about Lake Mills Main Street Program Inc
Is Lake Mills Main Street Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Mills Main Street Program Inc (EIN: 205272506) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Lake Mills Main Street Program Inc spend its money?
Lake Mills Main Street Program Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Mills Main Street Program Inc tax-deductible?
Lake Mills Main Street Program Inc is registered as a tax-exempt nonprofit (EIN: 205272506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake Mills Main Street Program Inc CEO make?
Lake Mills Main Street Program Inc's highest-compensated officer earns $200,000. annually. The organization reported $205K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lake Mills Main Street Program Inc's spending goes to programs?
Lake Mills Main Street Program Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake Mills Main Street Program Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lake Mills Main Street Program Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Mills Main Street Program Inc located?
Lake Mills Main Street Program Inc is headquartered in Lake Mills, Wisconsin and files with the IRS under EIN 205272506. It is classified under NTEE code S30.
How many years of IRS 990 filings does Lake Mills Main Street Program Inc have?
Lake Mills Main Street Program 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 $205K in total revenue.
Is Lake Mills Main Street Program Inc a good charity?
Based on the available data, Lake Mills Main Street Program Inc appears to be a good charity. It demonstrates strong financial growth, maintains a healthy asset base, and notably reports 0% officer compensation, suggesting efficient use of funds for its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Revenue grew from $17,326 in 2019 to $195,358 in 2023, and assets increased from $91,972 to $148,746 over the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Lake Mills Main Street Program Inc reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model or that compensation is structured in a way that doesn't fall under 'officer compensation' on the 990 form, which is a positive sign for resource allocation.
Filing History
IRS 990 filing history for Lake Mills Main Street Program Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2023), Lake Mills Main Street Program Inc's revenue has grown by 268.2%, moving from $53K to $195K. Total assets increased by 372.9% over the same period, from $31K to $149K. Total functional expenses rose by 293.7%, from $44K to $172K. In its most recent filing year (2023), Lake Mills Main Street Program Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $2K in liabilities against $149K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $147K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $195K | $172K | $149K | $2K | — | — |
| 2022 | $134K | $137K | $126K | $2K | — | View 990 |
| 2021 | $84K | $53K | $129K | $2K | — | View 990 |
| 2020 | $60K | $55K | $96K | $0 | — | View 990 |
| 2019 | $17K | $29K | $92K | $0 | — | View 990 |
| 2019 | $74K | $44K | $104K | $0 | — | View 990 |
| 2018 | $69K | $49K | $74K | $0 | — | View 990 |
| 2017 | $54K | $53K | $54K | $0 | — | View 990 |
| 2016 | $56K | $45K | $53K | $0 | — | View 990 |
| 2015 | $39K | $46K | $43K | $0 | — | View 990 |
| 2014 | $66K | $49K | $49K | $0 | — | View 990 |
| 2013 | $53K | $44K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195K, expenses of $172K, and assets of $149K (revenue +46.1% year-over-year).
- 2022: Revenue of $134K, expenses of $137K, and assets of $126K (revenue +60.0% year-over-year).
- 2021: Revenue of $84K, expenses of $53K, and assets of $129K (revenue +39.2% year-over-year).
- 2020: Revenue of $60K, expenses of $55K, and assets of $96K (revenue +246.5% year-over-year).
- 2019: Revenue of $17K, expenses of $29K, and assets of $92K (revenue -76.5% year-over-year).
- 2019: Revenue of $74K, expenses of $44K, and assets of $104K (revenue +7.1% year-over-year).
- 2018: Revenue of $69K, expenses of $49K, and assets of $74K (revenue +28.2% year-over-year).
- 2017: Revenue of $54K, expenses of $53K, and assets of $54K (revenue -4.4% year-over-year).
- 2016: Revenue of $56K, expenses of $45K, and assets of $53K (revenue +42.9% year-over-year).
- 2015: Revenue of $39K, expenses of $46K, and assets of $43K (revenue -40.7% year-over-year).
- 2014: Revenue of $66K, expenses of $49K, and assets of $49K (revenue +24.8% year-over-year).
- 2013: Revenue of $53K, expenses of $44K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Mills Main Street Program Inc:
Data Sources and Methodology
This transparency report for Lake Mills Main Street Program 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.