Thibodaux Main Street Inc
Thibodaux Main Street Inc consistently operates with surpluses and growing assets, reporting no officer compensation.
EIN: 202176775 · Thibodaux, LA · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $104K |
| Total Expenses | $62K |
| Program Spending | 85% |
| Net Assets | $142K |
| Transparency Score | 90/100 |
Is Thibodaux 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 →
Thibodaux Main Street Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thibodaux Main Street Inc
Thibodaux Main Street Inc (EIN: 202176775) is a nonprofit organization based in Thibodaux, LA, classified under NTEE code S20. The organization reported total revenue of $104K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thibodaux Main Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thibodaux Main Street Inc is a small 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 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $62K |
| Surplus / Deficit | +$22K |
| Total Assets | $145K |
| Total Liabilities | $3K |
| Net Assets | $142K |
| Operating Margin | 25.7% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 27.8 months |
Financial Health Grade: A
In 2023, Thibodaux Main Street Inc reported a surplus of $22K with revenue exceeding expenses, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thibodaux Main Street Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +5.2% | +18.0% |
| 2022 | +67.7% | +23.2% | +24.6% |
| 2021 | +65.0% | +2.0% | +1.6% |
| 2020 | -50.4% | -2.7% | -15.3% |
| 2019 | +24.7% | -2.5% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Thibodaux 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, Thibodaux 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is 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 highly favorable for a nonprofit of this 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.
Strengths
The following positive indicators were identified for Thibodaux Main Street Inc:
- Consistent operational surpluses in most years, such as $21,584 in 2023 ($84,002 revenue - $62,418 expenses).
- Strong asset growth from $23,213 in 2014 to $144,713 in 2023, indicating financial health.
- 0% officer compensation reported across all filings, suggesting efficient use of funds for mission.
- Low liabilities relative to assets, with liabilities at $2,725 in 2023 against $144,713 in assets.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Thibodaux Main Street Inc
Is Thibodaux Main Street Inc a legitimate charity?
Thibodaux Main Street Inc (EIN: 202176775) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $104K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Thibodaux Main Street Inc spend its money?
Thibodaux Main Street Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Thibodaux Main Street Inc tax-deductible?
Thibodaux Main Street Inc is registered as a tax-exempt nonprofit (EIN: 202176775). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Thibodaux Main Street Inc's spending goes to programs?
Thibodaux Main Street Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thibodaux Main Street Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Thibodaux Main Street 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 Thibodaux Main Street Inc located?
Thibodaux Main Street Inc is headquartered in Thibodaux, Louisiana and files with the IRS under EIN 202176775. It is classified under NTEE code S20.
How many years of IRS 990 filings does Thibodaux Main Street Inc have?
Thibodaux Main Street 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 $104K in total revenue.
Is Thibodaux Main Street Inc a good charity?
Based on the available data, Thibodaux Main Street Inc appears to be a well-managed and efficient charity. It consistently generates surpluses, grows its assets, and reports no officer compensation, suggesting a strong focus on its mission and responsible use of funds.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved. Revenue has generally trended upwards, and assets have grown substantially from $23,213 in 2014 to $144,713 in 2023, indicating increasing financial strength and capacity.
What is the trend in their revenue and expenses?
Revenue has shown an upward trend, particularly in recent years, reaching $84,002 in 2023. Expenses have also increased but generally at a slower pace than revenue, allowing for consistent surpluses, except for a deficit in 2020.
Filing History
IRS 990 filing history for Thibodaux Main Street Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thibodaux Main Street Inc's revenue has grown by 22.7%, moving from $68K to $84K. Total assets increased by 536.5% over the same period, from $23K to $145K. Total functional expenses rose by 12.5%, from $55K to $62K. In its most recent filing year (2023), Thibodaux Main Street Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $3K in liabilities against $145K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $142K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $62K | $145K | $3K | — | View 990 |
| 2022 | $83K | $59K | $123K | $2K | — | View 990 |
| 2021 | $50K | $48K | $98K | $2K | — | View 990 |
| 2020 | $30K | $47K | $97K | $1K | — | View 990 |
| 2019 | $60K | $49K | $114K | $2K | — | View 990 |
| 2018 | $49K | $50K | $102K | $2K | — | View 990 |
| 2017 | $89K | $40K | $102K | $339 | — | View 990 |
| 2016 | $71K | $54K | $55K | $2K | — | View 990 |
| 2015 | $66K | $51K | $38K | $2K | — | View 990 |
| 2014 | $39K | $53K | $23K | $2K | — | View 990 |
| 2013 | $52K | $52K | $37K | $2K | — | View 990 |
| 2012 | $69K | $55K | $37K | $1K | — | View 990 |
| 2011 | $68K | $55K | $23K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $62K, and assets of $145K (revenue +1.2% year-over-year).
- 2022: Revenue of $83K, expenses of $59K, and assets of $123K (revenue +67.7% year-over-year).
- 2021: Revenue of $50K, expenses of $48K, and assets of $98K (revenue +65.0% year-over-year).
- 2020: Revenue of $30K, expenses of $47K, and assets of $97K (revenue -50.4% year-over-year).
- 2019: Revenue of $60K, expenses of $49K, and assets of $114K (revenue +24.7% year-over-year).
- 2018: Revenue of $49K, expenses of $50K, and assets of $102K (revenue -45.3% year-over-year).
- 2017: Revenue of $89K, expenses of $40K, and assets of $102K (revenue +25.4% year-over-year).
- 2016: Revenue of $71K, expenses of $54K, and assets of $55K (revenue +7.7% year-over-year).
- 2015: Revenue of $66K, expenses of $51K, and assets of $38K (revenue +68.0% year-over-year).
- 2014: Revenue of $39K, expenses of $53K, and assets of $23K (revenue -24.5% year-over-year).
- 2013: Revenue of $52K, expenses of $52K, and assets of $37K (revenue -25.4% year-over-year).
- 2012: Revenue of $69K, expenses of $55K, and assets of $37K (revenue +1.3% year-over-year).
- 2011: Revenue of $68K, expenses of $55K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thibodaux Main Street Inc:
Data Sources and Methodology
This transparency report for Thibodaux 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.