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New Mexico · Nonprofit

MAINSTREET LAS VEGAS INC

MAINSTREET LAS VEGAS INC (New Mexico) receives grants from 5 organizations whose IRS filings report $228,500 to it, the largest being NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UNITED STATES ($95,000). 3 of them have funded it in more than one year.

Revenue FY2024
$86k
Funders on record
5
Grants received
$229k
Net assets
$18k
3/5 repeat funderspeak grant-dependency 34%
01What it does

What Mainstreet Las Vegas Inc does

Mission

To unify the historic commercial corridor and engender pride in the community while promoting economic development

As stated on its FY2024 Form 990.

Programs

On its FY2024 return the organization reported starting a significant new program.

Main Street de Las Vegas offered fiscal sponsorship for an organization called Little Las Vegas MG to assist them until they aquire their 501C3.

Its own explanation, from Schedule O of that return (Part III, line 2).

  1. Community Garden and the Great Blocks/Railroad District program offered community development with green spaces parking and art displays City wide murals also provided multiple cultural displays

    $11,091 spent$15,100 earned by the program
    16% of program spending
  2. The USDA RURAL Development Department previously awarded a grant to Main Street to assist the needs of community businesses with technical assistance, training needs and other activities to improve their businesses. In 2024 new construction plans were made to expand a community cafe and BBQ restaurant

    $43,468 spent
    63% of program spending
  3. Main Street de Las Vegas offered fiscal sponsorship for the Little Las Vegas MG one time while they complete their 501C3 application

    $14,375 spent$14,375 earned by the program
    21% of program spending
  4. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $68,934.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($90k) Expenses 100 ($85k) Net assets 100 ($12k)2022 Revenue 265 ($237k) Expenses 196 ($166k) Net assets 714 ($84k)2023 Revenue 87 ($78k) Expenses 115 ($97k) Net assets 549 ($64k)2024 Revenue 96 ($86k) Expenses 156 ($132k) Net assets 150 ($18k)
2021202220232024
Revenue (96)Expenses (156)Net assets (150)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $12k to $84k (+589%).

$12k
$84k
$65k
$22k
2021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 55% · 2022 21% · 2023 54% · 2024 38%. Grants only. Government contracts and fees sit inside program revenue.

66% of MAINSTREET LAS VEGAS INC’s revenue is contributions — about as donation-reliant as the typical peer (78% for the typical peer).

This organization
Typical peer · 18,808 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 reported years ran a deficit.

$5k
’21
$72k
’22
−$20k
’23
−$46k
’24
1.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2021202220232024
Listed9879
Joined·+3+2+3
No longer listed·431
03Who funds it

Who funds it, year by year

2017 → 2022: the base broadened from 2 funders to 3 funders, grant income rose $20k → $80k.

2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 41% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of MAINSTREET LAS VEGAS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MAINSTREET LAS VEGAS INC leans on a few funders — its largest provides 42% of grant income and the top three 82%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

91% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MAINSTREET LAS VEGAS INC.

42%
largest funder
82%
top three
~4
effective funders

Largest funder’s share by year: 2017 50% · 2018 100% · 2020 40% · 2022 63% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

MAINSTREET LAS VEGAS INC draws 70% of its grant income from funders outside New Mexico, across 2 states in all.

NM
DC

In-state vs out-of-state, by year

’17
’18
’20
’22
New Mexico out of state home

Funder states come from each funder’s own filing. $94k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MAINSTREET LAS VEGAS INC has grown faster than half of the 14,550 arts & culture nonprofits its size.

Operating margin−54% · bottom quartile
Months of reserve1.8mo · bottom quartile
Revenue growth (annualized)−2% · above the median

this organization peer median middle 50% of peers· 14,550 arts & culture nonprofits under $100k, FY2024

Government funding MAINSTREET LAS VEGAS INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $102k on record.

Federal$102k
grants $102kcontracts $0
Top agencies
  • Department of Agriculture$102k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like MAINSTREET LAS VEGAS INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New Mexico

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

52% of spending goes to programs.

Program 52%Management 48%Fundraising 0%

Governance

7
board members
0%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for MAINSTREET LAS VEGAS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MAINSTREET LAS VEGAS INC?
MAINSTREET LAS VEGAS INC (New Mexico) receives grants from 5 organizations whose IRS filings report $228,500 to it, the largest being NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UNITED STATES ($95,000). 3 of them have funded it in more than one year.
How many funders does MAINSTREET LAS VEGAS INC have?
IRS filings report 5 organizations giving $228,500 in grants to MAINSTREET LAS VEGAS INC, 3 of which have funded it in more than one year.
Who is the largest funder of MAINSTREET LAS VEGAS INC?
NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UNITED STATES is the largest funder on record, with $95,000 in grants. The full list of funders is on this page.
How can an organization like MAINSTREET LAS VEGAS INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New Mexico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Mainstreet Las Vegas →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing