Main Street Living Inc
Main Street Living Inc. consistently operates at a deficit but maintains strong assets with no executive compensation.
EIN: 10710918 · Sioux Falls, SD · NTEE: X20 · Updated: 2026-03-27
Source Check Matrix
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Identity resolved verified
Main Street Living Inc is mapped to EIN 10710918.
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13 stored filing years available.
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13 stored filing years available.
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80% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $331K |
| Total Expenses | $423K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $984K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Main Street Living Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Main Street Living Inc 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 Living Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $336K and expenses of $423K.
Revenue and Expenses
Main Street Living Inc reported $336K in revenue and $423K in expenses, a deficit of $87K.
Executive Compensation
Top officer compensation appears as $1 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Main Street Living Inc Legit?
Some Concerns
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
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $338K (80%) |
Across stored filings, Main Street Living Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with River Of Life Community Church | South Dakota and Religion context |
Trust Check
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Main Street Living Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Main Street Living Inc
Main Street Living Inc (EIN: 10710918) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code X20. The organization reported total revenue of $331K and total assets of $862K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Street Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Main Street Living Inc is a small nonprofit that has been operating for 23 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:
| Total Revenue | $336K |
| Total Expenses | $423K |
| Surplus / Deficit | $-86,851 |
| Total Assets | $984K |
| Net Assets | $984K |
| Operating Margin | -25.8% |
| Months of Reserves | 27.9 months |
Financial Health Grade: B
In 2023, Main Street Living Inc reported a deficit of $87K with expenses exceeding revenue, holds 27.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Main Street Living Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | +1.3% | -8.1% |
| 2022 | -4.7% | -0.5% | -5.2% |
| 2021 | +7.0% | +15.9% | — |
| 2020 | -51.7% | -12.3% | — |
| 2019 | +471.5% | +70.1% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2003 |
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 Living 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Main Street Living Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $87K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with assets nearing $1 million.
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 Main Street Living Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $86,851 in 2023, $58,149 in 2022) indicate spending more than earned revenue.
- Significant fluctuations in revenue (e.g., $731,116 in 2019 down to $336,272 in 2023) suggest potential instability in funding sources.
Strengths
The following positive indicators were identified for Main Street Living Inc:
- Zero officer compensation across all filings demonstrates exceptional financial efficiency and commitment to mission.
- Strong asset base ($983,942 in 2023) with no reported liabilities indicates excellent financial solvency and responsible management.
- Long filing history (13 filings) suggests consistent operation and compliance.
- Maintains a substantial asset base despite operational deficits, indicating effective management of reserves.
Frequently Asked Questions about Main Street Living Inc
Is Main Street Living Inc a legitimate charity?
Main Street Living Inc (EIN: 10710918) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $331K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Main Street Living Inc spend its money?
Main Street Living Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Main Street Living Inc tax-deductible?
Main Street Living Inc is registered as a tax-exempt nonprofit (EIN: 10710918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Main Street Living Inc CEO make?
Main Street Living Inc's highest-compensated officer earns $1 annually. The organization reported $331K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Main Street Living Inc's spending goes to programs?
Main Street Living Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Main Street Living Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Main Street Living Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Main Street Living Inc located?
Main Street Living Inc is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 10710918. It is classified under NTEE code X20.
How many years of IRS 990 filings does Main Street Living Inc have?
Main Street Living 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 $331K in total revenue.
How does Main Street Living Inc. cover its operational deficits?
The organization consistently reports expenses exceeding revenue (e.g., $423,123 expenses vs. $336,272 revenue in 2023). Given its substantial assets ($983,942 in 2023) and zero liabilities, it likely covers these deficits by drawing from its accumulated reserves or investment income.
What is the long-term sustainability plan given recurring deficits?
While the organization has strong assets, recurring deficits (e.g., $86,851 in 2023) are not sustainable indefinitely. A review of their financial strategy would be necessary to understand how they plan to achieve operational self-sufficiency or increase revenue to match expenses in the future.
What specific programs does Main Street Living Inc. operate?
The provided IRS 990 data does not detail specific programs. To understand their programmatic impact, one would need to consult their full 990 forms or organizational website for program descriptions aligned with their NTEE code X20 (Religious Broadcasting).
Filing History
IRS 990 filing history for Main Street Living Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Main Street Living Inc's revenue has grown by 106.2%, moving from $163K to $336K. Total assets increased by 819.5% over the same period, from $107K to $984K. Total functional expenses rose by 295.5%, from $107K to $423K. In its most recent filing year (2023), Main Street Living Inc reported a deficit of $87K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $336K | $423K | $984K | $0 | — | — |
| 2022 | $360K | $418K | $1.1M | $0 | — | View 990 |
| 2021 | $377K | $420K | $1.1M | $0 | — | View 990 |
| 2020 | $353K | $362K | $0 | $0 | — | View 990 |
| 2019 | $731K | $413K | $0 | $0 | — | View 990 |
| 2018 | $128K | $243K | $221K | $0 | — | View 990 |
| 2017 | $171K | $167K | $336K | $0 | — | View 990 |
| 2016 | $192K | $99K | $332K | $0 | — | View 990 |
| 2015 | $161K | $106K | $240K | $0 | — | View 990 |
| 2014 | $131K | $100K | $185K | $0 | — | View 990 |
| 2013 | $135K | $102K | $154K | $0 | — | View 990 |
| 2012 | $115K | $101K | $120K | $0 | — | View 990 |
| 2011 | $163K | $107K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $336K, expenses of $423K, and assets of $984K (revenue -6.5% year-over-year).
- 2022: Revenue of $360K, expenses of $418K, and assets of $1.1M (revenue -4.7% year-over-year).
- 2021: Revenue of $377K, expenses of $420K, and assets of $1.1M (revenue +7.0% year-over-year).
- 2020: Revenue of $353K, expenses of $362K, and assets of $0 (revenue -51.7% year-over-year).
- 2019: Revenue of $731K, expenses of $413K, and assets of $0 (revenue +471.5% year-over-year).
- 2018: Revenue of $128K, expenses of $243K, and assets of $221K (revenue -25.2% year-over-year).
- 2017: Revenue of $171K, expenses of $167K, and assets of $336K (revenue -10.7% year-over-year).
- 2016: Revenue of $192K, expenses of $99K, and assets of $332K (revenue +18.9% year-over-year).
- 2015: Revenue of $161K, expenses of $106K, and assets of $240K (revenue +22.9% year-over-year).
- 2014: Revenue of $131K, expenses of $100K, and assets of $185K (revenue -3.1% year-over-year).
- 2013: Revenue of $135K, expenses of $102K, and assets of $154K (revenue +18.2% year-over-year).
- 2012: Revenue of $115K, expenses of $101K, and assets of $120K (revenue -29.8% year-over-year).
- 2011: Revenue of $163K, expenses of $107K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Main Street Living Inc:
Data Sources and Methodology
This transparency report for Main Street Living 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.