The Main Discovery Inc
EIN: 461361503 · Hillsboro, ND · NTEE: B21
| Metric | Value |
|---|---|
| Total Expenses | $295K |
| Net Assets | $147K |
Is The Main Discovery Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Main Discovery Inc
The Main Discovery Inc (EIN: 461361503) is a nonprofit organization based in Hillsboro, ND, classified under NTEE code B21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Main Discovery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Main Discovery Inc is a small nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2013–2014). Revenue has grown at a compound annual rate of 113.3%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $423K |
| Total Expenses | $295K |
| Surplus / Deficit | +$129K |
| Total Assets | $153K |
| Total Liabilities | $6K |
| Net Assets | $147K |
| Operating Margin | 30.4% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2014, The Main Discovery Inc reported a surplus of $129K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 2 years of filings (2013–2014), The Main Discovery Inc's revenue has grown at a compound annual growth rate (CAGR) of 113.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +113.3% | +63.5% | +594.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Main Discovery Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Main Discovery Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $129K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about The Main Discovery Inc
Is The Main Discovery Inc a legitimate charity?
The Main Discovery Inc (EIN: 461361503) is a registered tax-exempt nonprofit based in North Dakota. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does The Main Discovery Inc spend its money?
The Main Discovery Inc reported its financials in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Main Discovery Inc tax-deductible?
The Main Discovery Inc is registered as a tax-exempt nonprofit (EIN: 461361503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Main Discovery Inc located?
The Main Discovery Inc is headquartered in Hillsboro, North Dakota and files with the IRS under EIN 461361503. It is classified under NTEE code B21.
How many years of IRS 990 filings does The Main Discovery Inc have?
The Main Discovery Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for The Main Discovery Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2013–2014), The Main Discovery Inc's revenue has grown by 113.3%, moving from $199K to $423K. Total assets increased by 594.8% over the same period, from $22K to $153K. Total functional expenses rose by 63.5%, from $180K to $295K. In its most recent filing year (2014), The Main Discovery Inc reported a surplus of $129K, with revenue exceeding expenses. The organization holds $6K in liabilities against $153K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $147K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $423K | $295K | $153K | $6K | — | View 990 |
| 2013 | $199K | $180K | $22K | $4K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Main Discovery Inc:
Data Sources and Methodology
This transparency report for The Main Discovery 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.