MAIN STREET GROWTH PROJECT INC Charity Report

Tax-exempt status may be revoked

MAIN STREET GROWTH PROJECT INC

EIN 46-2520293

What they do

UPDATED and HELD PRESENTATIONS and EVENTS RELATED to FINANCIAL REFORM, MAINTAINED WEBSITE and OTHER SOCIAL MEDIA to FURTHER PUBLIC EDUCATION ON FINANCIAL SERVICES REFORM

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Easy charity check

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.48%of revenue went to mission work82.2% of expenses · Program services

$101.60spent for every $100 of revenueSpending was higher than revenue this year.

$0.02in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,723 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $101,298 for KYLE HAUPTMAN (FORMER EXEC DIR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$170,500

Mission workProgram services$142,33083.48% of revenue82.2% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$173,223101.60% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$170,500

Expenses$173,223

Annual shortfall $2,723 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$142,330 · 82.2% of expenses

See all reported dollar amounts

Revenue$170,500

Expenses$173,223

Assets$3,281

Contributions$170,500

Mission work (program services)$142,330

People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KYLE HAUPTMANFORMER EXEC DIR · 40 hrs/week $101,298

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

KYLE HAUPTMANFORMER EXEC DIR

CHAUNCEY P GOSSCHAIRMAN

PAUL ATKINSDIRECTOR

PETER WALLISONDIRECTOR

WILLIAM F DUNBARDIRECTOR

About this charity

Location: C/O PAUL ATKINS 750 17th STREET NW, WASHINGTON, DC 20006
County: District of Columbia
In care of: PAUL ATKINS
Primary officer: PAUL ATKINS, Director

How to reach them

WebsiteVisit the charity’s website Phone(202) 862-3920

Filing and classification

Latest tax year: 2016
Tax period began: May 1, 2016
Return type: 990EZ
Tax preparer: PATTON AND BRAUCHT PC
Revocation date: September 15, 2020