Overview
What is Main Street Ministries Inc?
Main Street Ministries Inc, situated in Vidor, Texas, is a nonprofit organization dedicated to serving the underprivileged and distressed community members. Their primary activity involves operating a thrift store, providing ample access to a wide range of quality, low-priced used items, such as clothing, furniture, and household items. Beyond this, their mission is to engage with their community at its core, spreading the teachings of Jesus Christ. With a team of 11 dedicated individuals, Main Street Ministries Inc aims to make a positive impact in their community by offering essential resources and support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating. This rating indicates that Main Street Ministries Inc exhibits a strong commitment to accountability and financial transparency, scoring exceptionally well in various metrics that reflect its operational integrity.
The organization demonstrates a robust governance structure with an independent board composed entirely of members who meet the criteria for independence. It has received perfect scores in areas such as conflict of interest policies and the absence of material asset diversion, which further underscores its reliability.
While the financial metrics are impressive, with a low liabilities to assets ratio and a significant program expense ratio of 85.79%, these figures suggest a strong allocation of resources toward its mission. Overall, Main Street Ministries Inc appears to effectively manage its resources and maintain transparency with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Ministries Inc legitimate?
Main Street Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,109
For more financial information, click here
What is the mission statement of Main Street Ministries Inc?
Main Street Ministries Inc, as a mission-driven organization, is committed to serving the underprivileged and distressed individuals within their community. Their primary objective is to spread the gospel of Jesus Christ, engaging with their culture at its most significant point of need. One of their initiatives is a Thrift Store, which offers the community permanent access to a wide range of affordable, high-quality used items, including clothing, furniture, and household items. This service not only provides essential items at an affordable price but also contributes to reducing waste and promoting sustainability.
Who is the CEO of Main Street Ministries Inc?
Terry Wright is the President of Main Street Ministries Inc.
What is the revenue of Main Street Ministries Inc?
Main Street Ministries Inc's revenue in 2022 was $209,372.
Who are the executives of Main Street Ministries Inc and what are their salaries?
The average compensation at Main Street Ministries Inc during 2022 was $3,101. There are 11 employees and 28 volunteers at Main Street Ministries Inc.
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Where can I find the form 990 for Main Street Ministries Inc?
Main Street Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Main Street Ministries Inc
Main Street Ministries Inc is an organization with a mission to aid the underprivileged and distressed individuals within its community. At the heart of its mission is a profound dedication to engaging with society at its most significant point of need, utilizing the message of Jesus Christ as a guiding principle. One of the ways Main Street Ministries Inc fulfills this mission is by operating a thrift store. This store provides the community with a consistent source of affordable, high-quality used items, including clothing, furniture, and household items. This service not only meets the basic needs of its clients but also allows them to improve their living conditions with minimal financial burden. By offering these items at low prices, Main Street Ministries Inc demonstrates its commitment to assisting those in need, thereby embodying its mission to help the poor and distressed in a tangible and meaningful way.
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Impact
October, 2024
Main Street Ministries Inc significantly impacts the community in Vidor, TX by providing essential resources to the poor, distressed, and underprivileged. Through its thrift store, the organization offers permanent access to a wide range of low-priced, quality used items, including clothing, furniture, and household goods. This not only helps individuals and families obtain necessary items at affordable prices but also promotes sustainable practices by repurposing goods within the community.
Moreover, Main Street Ministries Inc is deeply committed to addressing the cultural and spiritual needs of its community. By engaging individuals at their greatest point of need, the organization seeks to spread the gospel of Jesus Christ, providing hope and support to those facing challenges in their lives. This dual focus on tangible assistance and spiritual engagement creates a holistic approach to community upliftment, making a lasting difference in the lives of many.
This information is meant to be a general summary of Main Street Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,740
- Program Service Revenue: $163,349
- Gross Receipts: $211,731
Assets and Liabilities:
- Total Assets: $507,588
- Total Liabilities: $3,884
- Net Assets: $503,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Thrift Store Sales
Revenue
$163,349
Organization Details
Founding Year
2003
Phone
(409) 769-2418Principal Officer
Terry Wright
Main Address
P O Box 989, Vidor, TX, 77670
NTEE Category
Code: L22 - Housing
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