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Indiana · Nonprofit

NEW CASTLE MAIN STREET INC

NEW CASTLE MAIN STREET INC (Indiana) receives grants from 2 organizations whose IRS filings report $20,000 to it, the largest being FIRST FINANCIAL FOUNDATION ($15,000). 0 of them have funded it in more than one year.

Revenue FY2024
$527k
Funders on record
2
Grants received
$20k
Net assets
$44k
0/2 repeat funderspeak grant-dependency 4%
01What it does

What New Castle Main Street Inc does

Mission

Dedicated to renewing, growing and promoting downtown new castle by stimulating economic growth and fostering community pride while prserving our unique history.

As stated on its FY2024 Form 990.

Programs

  1. Building rennovation assistance program program to help downtown businesses renovate their building to better downtown.

    $240,513 spentof which $240,513 as grants$240,585 earned by the program
    51% of program spending
  2. Hch host events for local hospital using community resources

    $48,967 spent$106,812 earned by the program
    10% of program spending
  3. Forth fridays monthly event held in downtown new castle to spotlight area business and bring the community to the area. Events include music, art, and food.

    $15,147 spent$4,900 earned by the program
    3% of program spending
  4. Other community services

    $168,451 spent$174,302 earned by the program
    36% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $473,078.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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 = 20202020 Revenue 100 ($242k) Expenses 100 ($215k) Net assets 100 ($53k)2021 Revenue 29 ($70k) Expenses 48 ($103k) Net assets 39 ($21k)2022 Revenue 140 ($339k) Expenses 107 ($229k) Net assets 245 ($130k)2023 Revenue 170 ($412k) Expenses 250 ($536k) Net assets 12 ($6k)2024 Revenue 217 ($527k) Expenses 228 ($488k) Net assets 84 ($44k)
20202021202220232024
Revenue (217)Expenses (228)Net assets (84)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 2022 to 2023, from $130k to $10k (−92%).

$53k
$0
$130k
$10k
$48k
20202021202220232024
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.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 81% · 2022 53% · 2023 60% · 2024 50%. Grants only. Government contracts and fees sit inside program revenue.

100% of NEW CASTLE MAIN STREET INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (62% for the typical peer).

This organization
Typical peer · 12,439 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

$28k
’20
−$33k
’21
$109k
’22
−$124k
’23
$38k
’24
0.8
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.

Chief executive

Emily Hurst

Executive director

As listed on its FY2024 Form 990.

2020202220232024
Listed4161319
Joined··+2+9
No longer listed··53
03Who funds it

Who funds it, year by year

2020 → 2022: the base held at 1 funder, grant income rose $5k → $15k.

Funder
'20
'22
total
funders
1
1

Left out of every figure on this page: $165k from one payer (the payer shares this organization's board, largest Henry County Community Foundation Inc). These are real filings, and they are not money NEW CASTLE MAIN STREET INC raised.

From the IRS filings of NEW CASTLE MAIN STREET 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

NEW CASTLE MAIN STREET INC leans on a few funders — its largest provides 75% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

75%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2020 100% · 2022 100% — broadly stable.

“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

NEW CASTLE MAIN STREET INC draws 100% of its grant income from funders outside Indiana, across 2 states in all.

OH
NC

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

’20
’22
Indiana out of state home

Funder states come from each funder’s own filing. 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

NEW CASTLE MAIN STREET INC has grown faster than three-quarters of the 11,971 community improvement nonprofits its size.

Operating margin7% · above the median
Months of reserve0.8mo · bottom quartile
Revenue growth (annualized)21% · top quartile

this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024

Organizations like NEW CASTLE MAIN STREET 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 Indiana

Nationally

05Profile & governance

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

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

17
board members
100%
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.

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for NEW CASTLE MAIN STREET 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 NEW CASTLE MAIN STREET INC?
NEW CASTLE MAIN STREET INC (Indiana) receives grants from 2 organizations whose IRS filings report $20,000 to it, the largest being FIRST FINANCIAL FOUNDATION ($15,000). 0 of them have funded it in more than one year.
How many funders does NEW CASTLE MAIN STREET INC have?
IRS filings report 2 organizations giving $20,000 in grants to NEW CASTLE MAIN STREET INC.
Who is the largest funder of NEW CASTLE MAIN STREET INC?
FIRST FINANCIAL FOUNDATION is the largest funder on record, with $15,000 in grants. The full list of funders is on this page.
How can an organization like NEW CASTLE MAIN STREET INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 2 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