Middletown Main Street Inc
Middletown Main Street Inc consistently reports zero officer compensation amidst fluctuating revenues and growing assets.
EIN: 203003808 · Middletown, DE · NTEE: A80 · Updated: 2026-03-28
Is Middletown Main Street Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Middletown Main Street Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Middletown Main Street Inc
Middletown Main Street Inc (EIN: 203003808) is a nonprofit organization based in Middletown, DE, classified under NTEE code A80. The organization reported total revenue of $55K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middletown Main Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Middletown Main Street Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $27K |
| Surplus / Deficit | +$10K |
| Total Assets | $83K |
| Total Liabilities | $394 |
| Net Assets | $83K |
| Operating Margin | 27.8% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 36.8 months |
Financial Health Grade: A
In 2023, Middletown Main Street Inc reported a surplus of $10K with revenue exceeding expenses, holds 36.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Middletown Main Street Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.1% | -41.9% | +15.0% |
| 2022 | +231.5% | +54.5% | +36.3% |
| 2021 | -46.8% | +108.2% | -16.3% |
| 2020 | +2.2% | -51.3% | +56.5% |
| 2019 | +14.7% | -0.5% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Middletown Main Street Inc with a Mission Score of 90 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, Middletown Main Street 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are used for officer salaries, which is highly commendable for an organization of its size and mission.
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 Middletown Main Street Inc:
- Consistent 0% officer compensation, maximizing funds for mission.
- Strong asset growth, from $40,508 in 2019 to $83,192 in 2023.
- Excellent transparency with 13 IRS 990 filings.
- Generally positive net income in recent years, indicating financial stability.
- Low liabilities, with many periods reporting $0 liabilities.
Frequently Asked Questions about Middletown Main Street Inc
Is Middletown Main Street Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Middletown Main Street Inc (EIN: 203003808) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Middletown Main Street Inc spend its money?
Middletown Main Street Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Middletown Main Street Inc tax-deductible?
Middletown Main Street Inc is registered as a tax-exempt nonprofit (EIN: 203003808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Middletown Main Street Inc a good charity?
Based on the available data, Middletown Main Street Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. The organization also shows consistent asset growth and a strong filing history.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $40,508 in 2019 to $83,192 in 2023. While revenue fluctuates, expenses are typically managed well, leading to positive net income in most recent years.
What is the trend in revenue and expenses?
Revenue has fluctuated significantly, from a low of $19,889 in 2021 to a high of $65,930 in 2022. Expenses have generally been lower than revenue in recent years, such as $27,100 in expenses against $37,535 in revenue in 2023, indicating fiscal responsibility.
Filing History
IRS 990 filing history for Middletown Main Street Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Middletown Main Street Inc's revenue has declined by 27.2%, moving from $52K to $38K. Total assets increased by 38.3% over the same period, from $60K to $83K. Total functional expenses fell by 47%, from $51K to $27K. In its most recent filing year (2023), Middletown Main Street Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $394 in liabilities against $83K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $83K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $27K | $83K | $394 | — | — |
| 2022 | $66K | $47K | $72K | $0 | — | View 990 |
| 2021 | $20K | $30K | $53K | $0 | — | — |
| 2020 | $37K | $15K | $63K | $0 | — | View 990 |
| 2019 | $37K | $30K | $41K | $0 | — | View 990 |
| 2018 | $32K | $30K | $34K | $0 | — | View 990 |
| 2017 | $21K | $38K | $32K | $0 | — | View 990 |
| 2016 | $60K | $52K | $52K | $3K | — | View 990 |
| 2015 | $38K | $52K | $46K | $6K | — | View 990 |
| 2014 | $42K | $40K | $55K | $0 | — | View 990 |
| 2013 | $33K | $36K | $53K | $0 | — | View 990 |
| 2012 | $41K | $45K | $56K | $0 | — | View 990 |
| 2011 | $52K | $51K | $60K | $438 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $27K, and assets of $83K (revenue -43.1% year-over-year).
- 2022: Revenue of $66K, expenses of $47K, and assets of $72K (revenue +231.5% year-over-year).
- 2021: Revenue of $20K, expenses of $30K, and assets of $53K (revenue -46.8% year-over-year).
- 2020: Revenue of $37K, expenses of $15K, and assets of $63K (revenue +2.2% year-over-year).
- 2019: Revenue of $37K, expenses of $30K, and assets of $41K (revenue +14.7% year-over-year).
- 2018: Revenue of $32K, expenses of $30K, and assets of $34K (revenue +51.9% year-over-year).
- 2017: Revenue of $21K, expenses of $38K, and assets of $32K (revenue -65.3% year-over-year).
- 2016: Revenue of $60K, expenses of $52K, and assets of $52K (revenue +60.3% year-over-year).
- 2015: Revenue of $38K, expenses of $52K, and assets of $46K (revenue -10.1% year-over-year).
- 2014: Revenue of $42K, expenses of $40K, and assets of $55K (revenue +26.0% year-over-year).
- 2013: Revenue of $33K, expenses of $36K, and assets of $53K (revenue -19.5% year-over-year).
- 2012: Revenue of $41K, expenses of $45K, and assets of $56K (revenue -19.7% year-over-year).
- 2011: Revenue of $52K, expenses of $51K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Middletown Main Street Inc:
Data Sources and Methodology
This transparency report for Middletown Main Street 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.