Main Street Searcy Inc
Main Street Searcy Inc. shows fluctuating revenues and expenses, with consistent zero officer compensation.
EIN: 201892513 · Searcy, AR · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $126K |
| Program Spending | 80% |
| Net Assets | $50K |
| Transparency Score | 85/100 |
Is Main Street Searcy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Main Street Searcy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Main Street Searcy Inc
Main Street Searcy Inc (EIN: 201892513) is a nonprofit organization based in Searcy, AR, classified under NTEE code S20. The organization reported total revenue of $238K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Main Street Searcy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Main Street Searcy Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $126K |
| Surplus / Deficit | $-4,051 |
| Total Assets | $53K |
| Total Liabilities | $3K |
| Net Assets | $50K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Main Street Searcy Inc reported a deficit of $4K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Main Street Searcy Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +85.2% | +21.3% | -4.2% |
| 2022 | -35.8% | +12.4% | -42.1% |
| 2021 | -12.1% | +32.8% | +14.7% |
| 2020 | +46.8% | +5.0% | +137.7% |
| 2019 | +76.1% | -13.8% | +55.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Searcy 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 Searcy 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for a small organization of its size.
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 Searcy Inc's IRS 990 filings:
- Inconsistent revenue streams leading to occasional deficits (e.g., 2023, 2022, 2018, 2016).
Strengths
The following positive indicators were identified for Main Street Searcy Inc:
- Consistent 0% officer compensation, indicating efficient use of funds for mission.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- General growth in assets over the long term, from $34,026 in 2014 to $52,855 in 2023.
- Low liabilities in most reporting periods.
Frequently Asked Questions about Main Street Searcy Inc
Is Main Street Searcy Inc a legitimate charity?
Main Street Searcy Inc (EIN: 201892513) is a registered tax-exempt nonprofit based in Arkansas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $238K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Main Street Searcy Inc spend its money?
Main Street Searcy Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Main Street Searcy Inc tax-deductible?
Main Street Searcy Inc is registered as a tax-exempt nonprofit (EIN: 201892513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Main Street Searcy Inc's spending goes to programs?
Main Street Searcy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Main Street Searcy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Main Street Searcy 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 Main Street Searcy Inc located?
Main Street Searcy Inc is headquartered in Searcy, Arkansas and files with the IRS under EIN 201892513. It is classified under NTEE code S20.
How many years of IRS 990 filings does Main Street Searcy Inc have?
Main Street Searcy 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 $238K in total revenue.
Is Main Street Searcy Inc. financially stable?
While Main Street Searcy Inc. has experienced periods of deficit, such as in 2023 where expenses ($126,487) exceeded revenue ($122,436), its assets have generally grown over the long term, from $34,026 in 2014 to $52,855 in 2023, suggesting a reasonable level of stability for a small nonprofit.
How does Main Street Searcy Inc. manage its liabilities?
The organization generally maintains low liabilities, typically under $4,000, with the exception of 2016 when liabilities reached $38,353. This indicates prudent financial management in most years.
What is the trend in Main Street Searcy Inc.'s revenue?
Main Street Searcy Inc.'s revenue has fluctuated significantly over the years, ranging from a low of $42,693 in 2016 to a high of $122,436 in 2023, indicating a reliance on varied funding sources that can change year-to-year.
Filing History
IRS 990 filing history for Main Street Searcy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Main Street Searcy Inc's revenue has grown by 205.4%, moving from $40K to $122K. Total assets increased by 93.4% over the same period, from $27K to $53K. Total functional expenses rose by 122.4%, from $57K to $126K. In its most recent filing year (2023), Main Street Searcy Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $3K in liabilities against $53K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $126K | $53K | $3K | — | — |
| 2022 | $66K | $104K | $55K | $1K | — | View 990 |
| 2021 | $103K | $93K | $95K | $3K | — | View 990 |
| 2020 | $117K | $70K | $83K | $1K | — | — |
| 2019 | $80K | $67K | $35K | $180 | — | View 990 |
| 2018 | $45K | $77K | $22K | $960 | — | View 990 |
| 2017 | $105K | $76K | $54K | $837 | — | View 990 |
| 2016 | $43K | $66K | $63K | $38K | — | View 990 |
| 2015 | $98K | $83K | $48K | $853 | — | View 990 |
| 2014 | $104K | $85K | $34K | $853 | — | View 990 |
| 2013 | $42K | $57K | $15K | $1K | — | View 990 |
| 2012 | $58K | $56K | $30K | $927 | — | View 990 |
| 2011 | $40K | $57K | $27K | $953 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $126K, and assets of $53K (revenue +85.2% year-over-year).
- 2022: Revenue of $66K, expenses of $104K, and assets of $55K (revenue -35.8% year-over-year).
- 2021: Revenue of $103K, expenses of $93K, and assets of $95K (revenue -12.1% year-over-year).
- 2020: Revenue of $117K, expenses of $70K, and assets of $83K (revenue +46.8% year-over-year).
- 2019: Revenue of $80K, expenses of $67K, and assets of $35K (revenue +76.1% year-over-year).
- 2018: Revenue of $45K, expenses of $77K, and assets of $22K (revenue -56.9% year-over-year).
- 2017: Revenue of $105K, expenses of $76K, and assets of $54K (revenue +146.4% year-over-year).
- 2016: Revenue of $43K, expenses of $66K, and assets of $63K (revenue -56.3% year-over-year).
- 2015: Revenue of $98K, expenses of $83K, and assets of $48K (revenue -6.3% year-over-year).
- 2014: Revenue of $104K, expenses of $85K, and assets of $34K (revenue +147.6% year-over-year).
- 2013: Revenue of $42K, expenses of $57K, and assets of $15K (revenue -27.6% year-over-year).
- 2012: Revenue of $58K, expenses of $56K, and assets of $30K (revenue +45.0% year-over-year).
- 2011: Revenue of $40K, expenses of $57K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Main Street Searcy Inc:
Data Sources and Methodology
This transparency report for Main Street Searcy 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.