Mainstreet Las Vegas Inc

Analysis

Mainstreet Las Vegas Inc is a registered charity in United States, based in Las Vegas, NM. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mainstreet Las Vegas Inc reported income of $78k and spending of $97k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $90k to $78k (-13%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income rose by 165%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mainstreet Las Vegas Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within NM. Charities of a similar size with the same main cause include Rapp Granary Owen Foundation Inc ($78k), Media & Policy Center Foundation of California ($78k) and White Box Theatre ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $50k (51% of expenses). At year end it held assets of $65k against liabilities of $908, net assets of $64k. It reported 1 employees.