Main Street Bath

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Main Street Bath Form 990, Revenue, CEO Pay, and IRS Filing Signals

Main Street Bath is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Main Street Bath in one place.

Is Main Street Bath Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Main Street Bath shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Main Street Bath directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Main Street Bath

Main Street Bath (EIN: 10544282) is a nonprofit organization based in Bath, ME, classified under NTEE code A80. The organization reported total revenue of $345K and total assets of $136K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Street Bath's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Main Street Bath is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Main Street Bath reported a surplus of $38K with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Main Street Bath's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.

IRS Tax-Exempt Classification

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 Main Street Bath 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, Main Street Bath 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 $38K, with revenue exceeding expenses.
• Debt-to-asset ratio: 5.6%.

Executive Compensation Analysis

Main Street Bath consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization with annual revenues exceeding $100,000 and suggests a volunteer-led executive structure.

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 Main Street Bath:

• Consistent 0% officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
• Strong asset base relative to liabilities, with assets of $163,669 against liabilities of $9,170 in 2023.
• Positive revenue growth from $96,072 in 2022 to $183,234 in 2023.
• Consistent filing of IRS 990s over 13 periods, demonstrating transparency and compliance.
• Expenses generally well-managed relative to revenue, with a surplus in most recent year ($183,234 revenue vs $144,988 expenses in 2023).

Frequently Asked Questions about Main Street Bath

Filing History

IRS 990 filing history for Main Street Bath showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Main Street Bath's revenue has grown by 105%, moving from $89K to $183K. Total assets increased by 63.7% over the same period, from $100K to $164K. Total functional expenses rose by 52.3%, from $95K to $145K. In its most recent filing year (2023), Main Street Bath reported a surplus of $38K, with revenue exceeding expenses. The organization holds $9K in liabilities against $164K in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $154K.

Year-by-Year Financial Summary

• 2023: Revenue of $183K, expenses of $145K, and assets of $164K (revenue +90.7% year-over-year).
• 2022: Revenue of $96K, expenses of $137K, and assets of $125K (revenue -22.2% year-over-year).
• 2021: Revenue of $123K, expenses of $118K, and assets of $165K (revenue -14.4% year-over-year).
• 2020: Revenue of $144K, expenses of $100K, and assets of $167K (revenue +14.2% year-over-year).
• 2019: Revenue of $126K, expenses of $109K, and assets of $110K (revenue +39.9% year-over-year).
• 2018: Revenue of $90K, expenses of $122K, and assets of $92K (revenue -20.7% year-over-year).
• 2017: Revenue of $114K, expenses of $102K, and assets of $124K (revenue +10.7% year-over-year).
• 2016: Revenue of $103K, expenses of $99K, and assets of $112K (revenue +13.8% year-over-year).
• 2015: Revenue of $90K, expenses of $95K, and assets of $108K (revenue -27.1% year-over-year).
• 2014: Revenue of $124K, expenses of $99K, and assets of $116K (revenue +3.4% year-over-year).
• 2013: Revenue of $120K, expenses of $127K, and assets of $93K (revenue +24.7% year-over-year).
• 2012: Revenue of $96K, expenses of $93K, and assets of $110K (revenue +7.4% year-over-year).
• 2011: Revenue of $89K, expenses of $95K, and assets of $100K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Main Street Bath:

Data Sources and Methodology

This transparency report for Main Street Bath 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.