Laramie Main Street Alliance
Laramie Main Street Alliance shows strong asset growth and no reported officer compensation, with recent expenses slightly exceeding revenue.
EIN: 203701712 · Laramie, WY · NTEE: S990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $468K |
| Total Expenses | $294K |
| Program Spending | 85% |
| Net Assets | $2.4M |
| Transparency Score | 88/100 |
Is Laramie Main Street Alliance Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laramie Main Street Alliance directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laramie Main Street Alliance
Laramie Main Street Alliance (EIN: 203701712) is a nonprofit organization based in Laramie, WY, classified under NTEE code S990. The organization reported total revenue of $468K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laramie Main Street Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laramie Main Street Alliance is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $290K |
| Total Expenses | $294K |
| Surplus / Deficit | $-4,216 |
| Total Assets | $3.1M |
| Total Liabilities | $647K |
| Net Assets | $2.4M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 21.2% |
| Months of Reserves | 124.5 months |
Financial Health Grade: B
In 2023, Laramie Main Street Alliance reported a deficit of $4K with expenses exceeding revenue, holds 124.5 months of operating reserves (strong position), has a debt-to-asset ratio of 21.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Laramie Main Street Alliance's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | -13.7% | +3.9% |
| 2022 | -0.6% | -9.7% | +18.0% |
| 2021 | +39.0% | +110.2% | +6.0% |
| 2020 | -89.1% | -26.7% | +2.4% |
| 2020 | +737.5% | +0.1% | +957.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Laramie Main Street Alliance with a Mission Score of 88 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, Laramie Main Street Alliance 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator for a nonprofit of its size, suggesting a strong commitment to directing resources towards its mission rather than executive salaries.
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 Laramie Main Street Alliance's IRS 990 filings:
- Expenses slightly exceeded revenue in 2023 ($294,354 vs $290,138) and 2021 ($377,768 vs $349,682), which, if sustained, could impact long-term operating reserves.
Strengths
The following positive indicators were identified for Laramie Main Street Alliance:
- Significant asset growth from $95,585 in 2015 to $3,064,249 in 2023, indicating strong financial stability.
- Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing administrative overhead.
- Long history of consistent IRS 990 filings (14 filings), indicating good transparency and compliance.
- Ability to manage substantial revenue fluctuations, including a major funding event in 2020, while maintaining a strong asset base.
Frequently Asked Questions about Laramie Main Street Alliance
Is Laramie Main Street Alliance a legitimate charity?
Laramie Main Street Alliance (EIN: 203701712) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 88/100. It has 14 years of IRS 990 filings on record. Total revenue: $468K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Laramie Main Street Alliance spend its money?
Laramie Main Street Alliance directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Laramie Main Street Alliance tax-deductible?
Laramie Main Street Alliance is registered as a tax-exempt nonprofit (EIN: 203701712). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laramie Main Street Alliance's spending goes to programs?
Laramie Main Street Alliance directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laramie Main Street Alliance compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Laramie Main Street Alliance is above average for NTEE category S990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laramie Main Street Alliance located?
Laramie Main Street Alliance is headquartered in Laramie, Wyoming and files with the IRS under EIN 203701712. It is classified under NTEE code S990.
How many years of IRS 990 filings does Laramie Main Street Alliance have?
Laramie Main Street Alliance has 14 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 $468K in total revenue.
Is Laramie Main Street Alliance a good charity?
Based on the available data, Laramie Main Street Alliance appears to be a good charity. It demonstrates strong asset growth, consistent financial reporting, and notably, zero reported officer compensation, suggesting efficient use of funds and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $95,585 in 2015 to over $3 million in 2023. While revenue and expenses have fluctuated, the overall trend indicates substantial growth and increased financial capacity.
What caused the large revenue spike in 2020?
The filing for period 202006 shows a revenue of $2,303,234, which is significantly higher than other years. This spike likely represents a major grant, capital campaign, or other one-time funding event, which also contributed to the substantial increase in assets seen in that period.
Filing History
IRS 990 filing history for Laramie Main Street Alliance showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Laramie Main Street Alliance's revenue has grown by 269.6%, moving from $78K to $290K. Total assets increased by 5377.5% over the same period, from $56K to $3.1M. Total functional expenses rose by 297%, from $74K to $294K. In its most recent filing year (2023), Laramie Main Street Alliance reported a deficit of $4K, with expenses exceeding revenue. The organization holds $647K in liabilities against $3.1M in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $290K | $294K | $3.1M | $647K | — | View 990 |
| 2022 | $348K | $341K | $2.9M | $596K | — | View 990 |
| 2021 | $350K | $378K | $2.5M | $84K | — | View 990 |
| 2020 | $252K | $180K | $2.4M | $40K | — | View 990 |
| 2020 | $2.3M | $245K | $2.3M | $63K | — | View 990 |
| 2019 | $275K | $245K | $217K | $3K | — | View 990 |
| 2018 | $222K | $159K | $184K | $92 | — | View 990 |
| 2017 | $147K | $126K | $121K | $83 | — | View 990 |
| 2016 | $154K | $149K | $104K | $4K | — | View 990 |
| 2015 | $192K | $156K | $96K | $0 | — | View 990 |
| 2014 | $167K | $164K | $62K | $2K | — | View 990 |
| 2013 | $104K | $100K | $57K | $1K | — | View 990 |
| 2012 | $154K | $157K | $54K | $707 | — | View 990 |
| 2011 | $78K | $74K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $290K, expenses of $294K, and assets of $3.1M (revenue -16.6% year-over-year).
- 2022: Revenue of $348K, expenses of $341K, and assets of $2.9M (revenue -0.6% year-over-year).
- 2021: Revenue of $350K, expenses of $378K, and assets of $2.5M (revenue +39.0% year-over-year).
- 2020: Revenue of $252K, expenses of $180K, and assets of $2.4M (revenue -89.1% year-over-year).
- 2020: Revenue of $2.3M, expenses of $245K, and assets of $2.3M (revenue +737.5% year-over-year).
- 2019: Revenue of $275K, expenses of $245K, and assets of $217K (revenue +24.0% year-over-year).
- 2018: Revenue of $222K, expenses of $159K, and assets of $184K (revenue +51.0% year-over-year).
- 2017: Revenue of $147K, expenses of $126K, and assets of $121K (revenue -4.4% year-over-year).
- 2016: Revenue of $154K, expenses of $149K, and assets of $104K (revenue -19.9% year-over-year).
- 2015: Revenue of $192K, expenses of $156K, and assets of $96K (revenue +14.6% year-over-year).
- 2014: Revenue of $167K, expenses of $164K, and assets of $62K (revenue +61.6% year-over-year).
- 2013: Revenue of $104K, expenses of $100K, and assets of $57K (revenue -32.9% year-over-year).
- 2012: Revenue of $154K, expenses of $157K, and assets of $54K (revenue +96.5% year-over-year).
- 2011: Revenue of $78K, expenses of $74K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laramie Main Street Alliance:
Data Sources and Methodology
This transparency report for Laramie Main Street Alliance 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.