Main Street Bath
Main Street Bath shows stable finances with no reported officer compensation over a decade.
EIN: 10544282 · Bath, ME · NTEE: A80 · Updated: 2026-03-28
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 →
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.
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.
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
Is Main Street Bath a legitimate charity?
Based on AI analysis of IRS 990 filings, Main Street Bath (EIN: 10544282) appears legitimate. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
How does Main Street Bath spend its money?
Main Street Bath directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Main Street Bath tax-deductible?
Main Street Bath is registered as a tax-exempt nonprofit (EIN: 10544282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Main Street Bath a good charity?
Based on the available data, Main Street Bath appears to be a good charity. It demonstrates financial stability, consistent regulatory compliance with 13 IRS 990 filings, and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation for over a decade.
How has Main Street Bath's revenue trended recently?
Main Street Bath's revenue has shown positive growth recently, increasing from $96,072 in 2022 to $183,234 in 2023, indicating successful fundraising or grant acquisition efforts.
What is the organization's asset-to-liability ratio?
In 2023, Main Street Bath had assets of $163,669 and liabilities of $9,170, resulting in a strong asset-to-liability ratio of approximately 17.85:1, indicating robust financial health.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $183K | $145K | $164K | $9K | — | — |
| 2022 | $96K | $137K | $125K | $9K | — | View 990 |
| 2021 | $123K | $118K | $165K | $8K | — | View 990 |
| 2020 | $144K | $100K | $167K | $16K | — | View 990 |
| 2019 | $126K | $109K | $110K | $3K | — | View 990 |
| 2018 | $90K | $122K | $92K | $2K | — | View 990 |
| 2017 | $114K | $102K | $124K | $3K | — | View 990 |
| 2016 | $103K | $99K | $112K | $2K | — | View 990 |
| 2015 | $90K | $95K | $108K | $2K | — | View 990 |
| 2014 | $124K | $99K | $116K | $0 | — | View 990 |
| 2013 | $120K | $127K | $93K | $2K | — | View 990 |
| 2012 | $96K | $93K | $110K | $2K | — | View 990 |
| 2011 | $89K | $95K | $100K | $3K | — | View 990 |
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.
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.