Laurel Main Street Inc
Laurel Main Street Inc shows consistent growth and no executive compensation over the past decade.
EIN: 208570449 · Laurel, MS · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $394K |
| Total Expenses | $302K |
| Program Spending | 90% |
| Net Assets | $215K |
| Transparency Score | 95/100 |
Is Laurel 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 →
Laurel Main Street Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laurel Main Street Inc
Laurel Main Street Inc (EIN: 208570449) is a nonprofit organization based in Laurel, MS, classified under NTEE code S20. The organization reported total revenue of $394K and total assets of $270K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurel Main Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurel Main Street Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $420K |
| Total Expenses | $302K |
| Surplus / Deficit | +$117K |
| Total Assets | $215K |
| Total Liabilities | $30 |
| Net Assets | $215K |
| Operating Margin | 28.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Laurel Main Street Inc reported a surplus of $117K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laurel Main Street Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.8% | -7.6% | +120.6% |
| 2022 | +25.9% | +28.2% | +8.9% |
| 2021 | +37.2% | +23.8% | +29.1% |
| 2020 | -27.3% | -22.0% | -8.6% |
| 2019 | -1.3% | -1.6% | -24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Laurel Main Street Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Laurel Main Street Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $117K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a highly efficient operational model where leadership is likely volunteer-based or compensated through other means, allowing more funds to be directed towards the organization's mission.
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 Laurel Main Street Inc:
- Consistent revenue growth from $110,925 in 2014 to $419,900 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency.
- Healthy and growing asset base, from $55,836 in 2014 to $214,886 in 2023.
- Expenses generally managed within or below revenue, leading to financial stability.
- Minimal to no liabilities reported in recent years, indicating strong financial health.
Frequently Asked Questions about Laurel Main Street Inc
Is Laurel Main Street Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurel Main Street Inc (EIN: 208570449) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Laurel Main Street Inc spend its money?
Laurel Main Street Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laurel Main Street Inc tax-deductible?
Laurel Main Street Inc is registered as a tax-exempt nonprofit (EIN: 208570449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Laurel Main Street Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Laurel 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 Laurel Main Street Inc located?
Laurel Main Street Inc is headquartered in Laurel, Mississippi and files with the IRS under EIN 208570449. It is classified under NTEE code S20.
How many years of IRS 990 filings does Laurel Main Street Inc have?
Laurel 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 $394K in total revenue.
Is Laurel Main Street Inc a good charity?
Based on the provided financial data, Laurel Main Street Inc appears to be a very good charity. It demonstrates consistent financial growth, maintains healthy asset levels, and notably reports 0% officer compensation, indicating a strong commitment to program efficiency and low administrative overhead.
How has Laurel Main Street Inc's revenue changed over time?
Laurel Main Street Inc has experienced significant revenue growth, increasing from $110,925 in 2014 to $419,900 in 2023, representing a substantial increase over the decade.
What is Laurel Main Street Inc's approach to executive compensation?
Laurel Main Street Inc consistently reports 0% officer compensation, indicating that its executive leadership is not paid through the organization, which is a strong positive for financial efficiency.
Are Laurel Main Street Inc's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $55,836 in 2014 to $214,886 in 2023, demonstrating good financial management and accumulation of resources.
Filing History
IRS 990 filing history for Laurel Main Street Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laurel Main Street Inc's revenue has grown by 673%, moving from $54K to $420K. Total assets increased by 645.6% over the same period, from $29K to $215K. Total functional expenses rose by 558.5%, from $46K to $302K. In its most recent filing year (2023), Laurel Main Street Inc reported a surplus of $117K, with revenue exceeding expenses. The organization holds $30 in liabilities against $215K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $215K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $420K | $302K | $215K | $30 | — | — |
| 2022 | $331K | $327K | $97K | $30 | — | — |
| 2021 | $263K | $255K | $89K | $0 | — | View 990 |
| 2020 | $192K | $206K | $69K | $0 | — | View 990 |
| 2019 | $264K | $265K | $76K | $0 | — | View 990 |
| 2018 | $267K | $269K | $100K | $0 | — | View 990 |
| 2017 | $190K | $176K | $98K | $0 | — | View 990 |
| 2016 | $146K | $132K | $84K | $0 | — | View 990 |
| 2015 | $139K | $115K | $70K | $0 | — | View 990 |
| 2014 | $111K | $101K | $56K | $9K | — | View 990 |
| 2013 | $88K | $89K | $38K | $0 | — | View 990 |
| 2012 | $91K | $81K | $39K | $0 | — | View 990 |
| 2011 | $54K | $46K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $420K, expenses of $302K, and assets of $215K (revenue +26.8% year-over-year).
- 2022: Revenue of $331K, expenses of $327K, and assets of $97K (revenue +25.9% year-over-year).
- 2021: Revenue of $263K, expenses of $255K, and assets of $89K (revenue +37.2% year-over-year).
- 2020: Revenue of $192K, expenses of $206K, and assets of $69K (revenue -27.3% year-over-year).
- 2019: Revenue of $264K, expenses of $265K, and assets of $76K (revenue -1.3% year-over-year).
- 2018: Revenue of $267K, expenses of $269K, and assets of $100K (revenue +40.7% year-over-year).
- 2017: Revenue of $190K, expenses of $176K, and assets of $98K (revenue +30.0% year-over-year).
- 2016: Revenue of $146K, expenses of $132K, and assets of $84K (revenue +5.1% year-over-year).
- 2015: Revenue of $139K, expenses of $115K, and assets of $70K (revenue +25.4% year-over-year).
- 2014: Revenue of $111K, expenses of $101K, and assets of $56K (revenue +26.1% year-over-year).
- 2013: Revenue of $88K, expenses of $89K, and assets of $38K (revenue -3.1% year-over-year).
- 2012: Revenue of $91K, expenses of $81K, and assets of $39K (revenue +67.1% year-over-year).
- 2011: Revenue of $54K, expenses of $46K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurel Main Street Inc:
Data Sources and Methodology
This transparency report for Laurel 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.