Shaw Main Streets Inc
Shaw Main Streets Inc. faces recurring deficits and increasing liabilities despite consistent revenue generation.
EIN: 161665834 · Washington, DC · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $561K |
| Total Expenses | $570K |
| Program Spending | 75% |
| Net Assets | $43K |
| Transparency Score | 65/100 |
Is Shaw Main Streets Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shaw Main Streets Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shaw Main Streets Inc
Shaw Main Streets Inc (EIN: 161665834) is a nonprofit organization based in Washington, DC, classified under NTEE code S30. The organization reported total revenue of $561K and total assets of $294K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shaw Main Streets Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shaw Main Streets Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $505K |
| Total Expenses | $570K |
| Surplus / Deficit | $-64,891 |
| Total Assets | $262K |
| Total Liabilities | $219K |
| Net Assets | $43K |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 83.6% |
| Months of Reserves | 5.5 months |
Financial Health Grade: C
In 2023, Shaw Main Streets Inc reported a deficit of $65K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 83.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Shaw Main Streets Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.1% | -13.7% | +17.8% |
| 2022 | -45.3% | +9.0% | -51.9% |
| 2021 | +41.2% | +27.1% | +6.5% |
| 2020 | -17.5% | -9.8% | +35.2% |
| 2019 | +6.7% | -4.4% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Shaw Main Streets Inc with a Mission Score of 65 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Shaw Main Streets Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for transparency and resource allocation relative to 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 Shaw Main Streets Inc's IRS 990 filings:
- Recurring operational deficits (e.g., $64,891 in 2023, $307,370 in 2022)
- Significant increase in liabilities from $11,504 in 2019 to $219,017 in 2023
Strengths
The following positive indicators were identified for Shaw Main Streets Inc:
- Consistent revenue generation over multiple years
- 0% reported officer compensation, indicating strong transparency in executive pay
- Maintains a positive asset balance, though liabilities are growing
Frequently Asked Questions about Shaw Main Streets Inc
Is Shaw Main Streets Inc a legitimate charity?
Shaw Main Streets Inc (EIN: 161665834) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $561K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Shaw Main Streets Inc spend its money?
Shaw Main Streets Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Shaw Main Streets Inc tax-deductible?
Shaw Main Streets Inc is registered as a tax-exempt nonprofit (EIN: 161665834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shaw Main Streets Inc's spending goes to programs?
Shaw Main Streets Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shaw Main Streets Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Shaw Main Streets Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shaw Main Streets Inc located?
Shaw Main Streets Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 161665834. It is classified under NTEE code S30.
How many years of IRS 990 filings does Shaw Main Streets Inc have?
Shaw Main Streets Inc has 14 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 $561K in total revenue.
What caused the significant increase in liabilities from $11,504 in 2019 to $219,017 in 2023?
The provided data does not specify the nature of these liabilities, but their substantial increase warrants further investigation into the organization's financial commitments and obligations.
How does Shaw Main Streets Inc. cover its recurring operational deficits, such as the $64,891 deficit in 2023 and $307,370 deficit in 2022?
The organization likely draws upon accumulated assets from prior surplus years or receives non-operating income not reflected in the 'Revenue' figure to cover these shortfalls. A detailed income statement would provide more clarity.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer this level of detail. A full IRS Form 990 would be needed to analyze the specific allocation of expenses.
Filing History
IRS 990 filing history for Shaw Main Streets Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Shaw Main Streets Inc's revenue has grown by 93%, moving from $261K to $505K. Total assets increased by 124.3% over the same period, from $117K to $262K. Total functional expenses rose by 77.1%, from $322K to $570K. In its most recent filing year (2023), Shaw Main Streets Inc reported a deficit of $65K, with expenses exceeding revenue. The organization holds $219K in liabilities against $262K in assets (debt-to-asset ratio: 83.6%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $505K | $570K | $262K | $219K | — | — |
| 2022 | $353K | $660K | $223K | $140K | — | View 990 |
| 2021 | $644K | $605K | $462K | $134K | — | View 990 |
| 2020 | $456K | $476K | $434K | $144K | — | View 990 |
| 2019 | $553K | $528K | $321K | $12K | — | View 990 |
| 2018 | $518K | $552K | $292K | $13K | — | View 990 |
| 2017 | $609K | $650K | $321K | $8K | — | View 990 |
| 2016 | $562K | $603K | $360K | $6K | — | View 990 |
| 2015 | $588K | $570K | $404K | $10K | — | View 990 |
| 2014 | $440K | $510K | $404K | $27K | — | View 990 |
| 2013 | $582K | $383K | $508K | $62K | — | View 990 |
| 2012 | $400K | $372K | $337K | $90K | — | View 990 |
| 2011 | $489K | $309K | $296K | $78K | — | View 990 |
| 2010 | $261K | $322K | $117K | $79K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $505K, expenses of $570K, and assets of $262K (revenue +43.1% year-over-year).
- 2022: Revenue of $353K, expenses of $660K, and assets of $223K (revenue -45.3% year-over-year).
- 2021: Revenue of $644K, expenses of $605K, and assets of $462K (revenue +41.2% year-over-year).
- 2020: Revenue of $456K, expenses of $476K, and assets of $434K (revenue -17.5% year-over-year).
- 2019: Revenue of $553K, expenses of $528K, and assets of $321K (revenue +6.7% year-over-year).
- 2018: Revenue of $518K, expenses of $552K, and assets of $292K (revenue -15.0% year-over-year).
- 2017: Revenue of $609K, expenses of $650K, and assets of $321K (revenue +8.3% year-over-year).
- 2016: Revenue of $562K, expenses of $603K, and assets of $360K (revenue -4.4% year-over-year).
- 2015: Revenue of $588K, expenses of $570K, and assets of $404K (revenue +33.6% year-over-year).
- 2014: Revenue of $440K, expenses of $510K, and assets of $404K (revenue -24.4% year-over-year).
- 2013: Revenue of $582K, expenses of $383K, and assets of $508K (revenue +45.6% year-over-year).
- 2012: Revenue of $400K, expenses of $372K, and assets of $337K (revenue -18.3% year-over-year).
- 2011: Revenue of $489K, expenses of $309K, and assets of $296K (revenue +87.1% year-over-year).
- 2010: Revenue of $261K, expenses of $322K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shaw Main Streets Inc:
Data Sources and Methodology
This transparency report for Shaw Main Streets 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.