Union Square Main Streets Inc
Union Square Main Streets Inc shows strong financial growth and no reported officer compensation over the past decade.
EIN: 201834007 · Somerville, MA · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $967K |
| Total Expenses | $739K |
| Program Spending | 85% |
| Net Assets | $335K |
| Transparency Score | 92/100 |
Is Union Square Main Streets Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Union Square Main Streets Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Union Square Main Streets Inc
Union Square Main Streets Inc (EIN: 201834007) is a nonprofit organization based in Somerville, MA, classified under NTEE code S30. The organization reported total revenue of $967K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Square Main Streets Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union Square Main Streets Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $921K |
| Total Expenses | $739K |
| Surplus / Deficit | +$181K |
| Total Assets | $370K |
| Total Liabilities | $35K |
| Net Assets | $335K |
| Operating Margin | 19.7% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Union Square Main Streets Inc reported a surplus of $181K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Union Square Main Streets Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +109.0% | +54.6% | +105.7% |
| 2022 | +16.6% | +33.4% | -13.4% |
| 2021 | +40.8% | +38.0% | -5.5% |
| 2020 | +13.0% | +16.3% | +25.4% |
| 2019 | +19.3% | +44.8% | +10.9% |
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 Union Square Main Streets Inc with a Mission Score of 92 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, Union Square Main Streets 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 $181K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly commendable for an organization of its size and growth, indicating that all funds are directed towards its mission and operational costs rather than executive salaries.
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 Union Square Main Streets Inc:
- Strong and consistent revenue growth, from $103,387 in 2015 to $920,619 in 2023.
- Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
- Healthy asset growth, reaching $370,415 in 2023, demonstrating financial stability.
- Generally positive net income, allowing for reinvestment into the organization's mission.
- Robust IRS 990 filing history (14 filings), indicating strong transparency.
Frequently Asked Questions about Union Square Main Streets Inc
Is Union Square Main Streets Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Union Square Main Streets Inc (EIN: 201834007) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Union Square Main Streets Inc spend its money?
Union Square Main Streets Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Union Square Main Streets Inc tax-deductible?
Union Square Main Streets Inc is registered as a tax-exempt nonprofit (EIN: 201834007). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Union Square Main Streets Inc's spending goes to programs?
Union Square Main Streets Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Union Square Main Streets Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Union Square 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 Union Square Main Streets Inc located?
Union Square Main Streets Inc is headquartered in Somerville, Massachusetts and files with the IRS under EIN 201834007. It is classified under NTEE code S30.
How many years of IRS 990 filings does Union Square Main Streets Inc have?
Union Square 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 $967K in total revenue.
Is Union Square Main Streets Inc a good charity?
Based on its strong financial growth, consistent positive net income, increasing assets, and zero reported officer compensation, Union Square Main Streets Inc appears to be a very well-managed and effective charity.
How has the organization's revenue changed over time?
Union Square Main Streets Inc has experienced significant revenue growth, from $103,387 in 2015 to $920,619 in 2023, demonstrating a strong upward trend in its financial capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a commitment to directing resources entirely towards its programs and operations rather than executive salaries.
Filing History
IRS 990 filing history for Union Square Main Streets Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Union Square Main Streets Inc's revenue has grown by 512.4%, moving from $150K to $921K. Total assets increased by 336.2% over the same period, from $85K to $370K. Total functional expenses rose by 404.7%, from $146K to $739K. In its most recent filing year (2023), Union Square Main Streets Inc reported a surplus of $181K, with revenue exceeding expenses. The organization holds $35K in liabilities against $370K in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $335K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $921K | $739K | $370K | $35K | — | — |
| 2022 | $440K | $478K | $180K | $27K | — | View 990 |
| 2021 | $378K | $358K | $208K | $17K | — | View 990 |
| 2020 | $268K | $260K | $220K | $48K | — | — |
| 2019 | $237K | $223K | $175K | $12K | — | View 990 |
| 2018 | $199K | $154K | $158K | $9K | — | View 990 |
| 2017 | $168K | $151K | $115K | $10K | — | View 990 |
| 2016 | $117K | $105K | $96K | $7K | — | View 990 |
| 2015 | $103K | $94K | $76K | $0 | — | View 990 |
| 2014 | $147K | $166K | $67K | $1K | — | View 990 |
| 2013 | $182K | $168K | $101K | $4K | — | View 990 |
| 2012 | $155K | $168K | $72K | $0 | — | — |
| 2011 | $155K | $168K | $72K | $0 | — | View 990 |
| 2010 | $150K | $146K | $85K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $921K, expenses of $739K, and assets of $370K (revenue +109.0% year-over-year).
- 2022: Revenue of $440K, expenses of $478K, and assets of $180K (revenue +16.6% year-over-year).
- 2021: Revenue of $378K, expenses of $358K, and assets of $208K (revenue +40.8% year-over-year).
- 2020: Revenue of $268K, expenses of $260K, and assets of $220K (revenue +13.0% year-over-year).
- 2019: Revenue of $237K, expenses of $223K, and assets of $175K (revenue +19.3% year-over-year).
- 2018: Revenue of $199K, expenses of $154K, and assets of $158K (revenue +18.6% year-over-year).
- 2017: Revenue of $168K, expenses of $151K, and assets of $115K (revenue +43.3% year-over-year).
- 2016: Revenue of $117K, expenses of $105K, and assets of $96K (revenue +13.2% year-over-year).
- 2015: Revenue of $103K, expenses of $94K, and assets of $76K (revenue -29.6% year-over-year).
- 2014: Revenue of $147K, expenses of $166K, and assets of $67K (revenue -19.2% year-over-year).
- 2013: Revenue of $182K, expenses of $168K, and assets of $101K (revenue +17.2% year-over-year).
- 2012: Revenue of $155K, expenses of $168K, and assets of $72K (revenue +0.0% year-over-year).
- 2011: Revenue of $155K, expenses of $168K, and assets of $72K (revenue +3.1% year-over-year).
- 2010: Revenue of $150K, expenses of $146K, and assets of $85K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Union Square Main Streets Inc:
Data Sources and Methodology
This transparency report for Union Square 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.