Mainstreet Las Vegas Inc
Mainstreet Las Vegas Inc. shows fluctuating revenues and expenses, with consistent 0% officer compensation.
EIN: 203922979 · Las Vegas, NM · NTEE: A80 · Updated: 2026-03-28
Is Mainstreet Las Vegas Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mainstreet Las Vegas Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mainstreet Las Vegas Inc
Mainstreet Las Vegas Inc (EIN: 203922979) is a nonprofit organization based in Las Vegas, NM, classified under NTEE code A80. The organization reported total revenue of $86K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mainstreet Las Vegas Inc'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 Mainstreet Las Vegas 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mainstreet Las Vegas Inc 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
Mainstreet Las Vegas Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit 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 Mainstreet Las Vegas Inc's IRS 990 filings:
- Inconsistent financial stability with expenses exceeding revenue in multiple periods (e.g., 2023, 2019, 2014).
Strengths
The following positive indicators were identified for Mainstreet Las Vegas Inc:
- Consistent 0% officer compensation, indicating strong commitment to mission and efficient use of funds.
- Regular IRS 990 filings, demonstrating transparency.
- Significant revenue generation in some years (e.g., $237,169 in 2022, $300,103 in 2018).
Frequently Asked Questions about Mainstreet Las Vegas Inc
Is Mainstreet Las Vegas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mainstreet Las Vegas Inc (EIN: 203922979) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Mainstreet Las Vegas Inc spend its money?
Mainstreet Las Vegas Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mainstreet Las Vegas Inc tax-deductible?
Mainstreet Las Vegas Inc is registered as a tax-exempt nonprofit (EIN: 203922979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mainstreet Las Vegas Inc. a good charity?
Based on the available data, Mainstreet Las Vegas Inc. appears to be a good charity in terms of its commitment to transparency and directing funds to its mission, as evidenced by 0% officer compensation. However, its financial stability shows some volatility with periods of expenses exceeding revenue.
How has Mainstreet Las Vegas Inc.'s revenue trended over the last five years?
Mainstreet Las Vegas Inc.'s revenue has fluctuated significantly over the last five years: $105,333 (2019), $68,773 (2020), $89,618 (2021), $237,169 (2022), and $77,917 (2023).
Does Mainstreet Las Vegas Inc. have a healthy asset base?
Mainstreet Las Vegas Inc.'s asset base has varied, reaching a high of $127,815 in 2017 and currently standing at $65,122 in 2023. While not exceptionally large for its revenue, it shows some capacity, though liabilities have also fluctuated.
Filing History
IRS 990 filing history for Mainstreet Las Vegas Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mainstreet Las Vegas Inc's revenue has grown by 0.4%, moving from $78K to $78K. Total assets increased by 975.3% over the same period, from $6K to $65K. Total functional expenses rose by 17.3%, from $83K to $97K. In its most recent filing year (2023), Mainstreet Las Vegas Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $908 in liabilities against $65K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $64K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $78K | $97K | $65K | $908 | — | — |
| 2022 | $237K | $166K | $84K | $470 | — | View 990 |
| 2021 | $90K | $85K | $12K | $479 | — | View 990 |
| 2020 | $69K | $67K | $13K | $9K | — | View 990 |
| 2019 | $105K | $115K | $13K | $12K | — | View 990 |
| 2018 | $300K | $296K | $34K | $16K | — | View 990 |
| 2017 | $126K | $120K | $128K | $96K | — | View 990 |
| 2016 | $92K | $92K | $96K | $34K | — | View 990 |
| 2015 | $244K | $217K | $78K | $52K | — | View 990 |
| 2014 | $193K | $231K | $16K | $19K | — | View 990 |
| 2013 | $134K | $113K | $57K | $507 | — | View 990 |
| 2012 | $97K | $81K | $22K | $524 | — | View 990 |
| 2011 | $78K | $83K | $6K | $525 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78K, expenses of $97K, and assets of $65K (revenue -67.1% year-over-year).
- 2022: Revenue of $237K, expenses of $166K, and assets of $84K (revenue +164.6% year-over-year).
- 2021: Revenue of $90K, expenses of $85K, and assets of $12K (revenue +30.3% year-over-year).
- 2020: Revenue of $69K, expenses of $67K, and assets of $13K (revenue -34.7% year-over-year).
- 2019: Revenue of $105K, expenses of $115K, and assets of $13K (revenue -64.9% year-over-year).
- 2018: Revenue of $300K, expenses of $296K, and assets of $34K (revenue +137.9% year-over-year).
- 2017: Revenue of $126K, expenses of $120K, and assets of $128K (revenue +37.0% year-over-year).
- 2016: Revenue of $92K, expenses of $92K, and assets of $96K (revenue -62.3% year-over-year).
- 2015: Revenue of $244K, expenses of $217K, and assets of $78K (revenue +26.3% year-over-year).
- 2014: Revenue of $193K, expenses of $231K, and assets of $16K (revenue +44.5% year-over-year).
- 2013: Revenue of $134K, expenses of $113K, and assets of $57K (revenue +37.8% year-over-year).
- 2012: Revenue of $97K, expenses of $81K, and assets of $22K (revenue +25.0% year-over-year).
- 2011: Revenue of $78K, expenses of $83K, and assets of $6K.
Data Sources and Methodology
This transparency report for Mainstreet Las Vegas 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.