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Troy Main Street Inc

EIN 31-1301818 · Troy, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceFair69 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE FOR THE CONTINUED ECONOMIC AND ARCHITECTURAL SOUNDNESS OF THE DOWNTOWN AREA OF THE CITY OF TROY, OHIO,WITH A COMPREHENSIVE REVITALIZATION STRATEGY TO STIMULATE ECONOMIC DEVELOPMENT AND TO ACT AS LIAISON BETWEEN THE DOWNTON BUSINESSES AND LOCAL GOVERNMENT. THE MISSION OF TROY MAIN STREET IS TO COORDINATE THE EFFORTS OF ALL THOSE DEDICATED TO MAKING DOWNTOWN TROY A BETTER PLACE TO LIVE, WORK, SHOP, CELEBRATE, AND INVEST.

Income
$213,888
Spending
$195,576
Spent on programs
100%
Reserves
19.1 months of spending
Largest source of income
donations and private grants, 83%
Employees
5

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 86% of charities in its peer group (community improvement, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 19.1 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 9% of income.

  • Income trend

    15 of 15

    Income rose 16% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 69 out of 100. Higher than 54% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $195,576 spent. TROY MAIN STREET CONTINUED ITS WORK TO STRENGTHEN AND ENHANCE THE ECONOMIC VITALITY AND VISUAL APPEAL OF DOWNTOWN TROY. THE ORGANIZATION COORDINATED BEAUTIFICATION PROJECTS INCLUDING SEASONAL FLOWERPOTS, PUBLIC ART INSTALLATIONS, AND MAINTENANCE OF PLACEMAKING FEATURES THAT IMPROVE THE EXPERIENCE FOR RESIDENTS AND VISITORS. STAFF WORKED CLOSELY WITH DOWNTOWN BUSINESSES, PROPERTY OWNERS, AND THE CITY OF TROY TO SUPPORT STOREFRONT IMPROVEMENTS, ENCOURAGE INVESTMENT, AND ADDRESS DISTRICT NEEDS. THESE EFFORTS CONTRIBUTED TO INCREASED FOOT TRAFFIC, A MORE WELCOMING ENVIRONMENT, AND ONGOING PRIVATE-SECTOR ENGAGEMENT IN THE DOWNTOWN CORE. IN 2024, TROY MAIN STREET PRODUCED A FULL CALENDAR OF COMMUNITY EVENTS DESIGNED TO DRAW VISITORS, SUPPORT LOCAL BUSINESSES, AND STRENGTHEN CIVIC PRIDE. MAJOR EVENTS INCLUDED THE GRAND ILLUMINATION, TASTE OF TROY, HOMETOWN HALLOWEEN, FRIDAYS ON PROUTY CONCERT SERIES, DONUT JAM, AND NUMEROUS HOLIDAY ACTIVITIES. THESE EVENTS COLLECTIVELY ATTRACTED THOUSANDS OF ATTENDEES AND PROVIDED SIGNIFICANT ECONOMIC BENEFIT TO DOWNTOWN MERCHANTS. THE ORGANIZATION ALSO EXECUTED MARKETING CAMPAIGNS, BUSINESS SPOTLIGHTS, AND DOWNTOWN PROMOTIONAL MATERIALS THAT ENCOURAGED SHOPPING, DINING, AND ENGAGEMENT THROUGHOUT THE YEAR. DURING 2024, TROY MAIN STREET DELIVERED DIRECT SUPPORT SERVICES TO DOWNTOWN BUSINESSES THROUGH REGULAR OUTREACH, RESOURCE SHARING, AND INDIVIDUALIZED ASSISTANCE. THE ORGANIZATION PROVIDED GUIDANCE FOR BUSINESS DEVELOPMENT, COORDINATED INFORMATION ON GRANTS AND INCENTIVES, ASSISTED ENTREPRENEURS, AND SERVED AS A LIAISON BETWEEN MERCHANTS, COMMUNITY PARTNERS, AND THE CITY OF TROY. TROY MAIN STREET ALSO FACILITATED COLLABORATIVE INITIATIVES THAT STRENGTHENED BUSINESS RETENTION AND EXPANSION, AND ADVOCATED FOR DOWNTOWN NEEDS TO ENSURE A HEALTHY AND SUSTAINABLE COMMERCIAL DISTRICT. TROY MAIN STREET CONTINUED ITS WORK TO STRENGTHEN AND ENHANCE THE ECONOMIC VITALITY AND VISUAL APPEAL OF DOWNTOWN TROY. THE ORGANIZATION COORDINATED BEAUTIFICATION PROJECTS INCLUDING SEASONAL FLOWERPOTS, PUBLIC ART INSTALLATIONS, AND MAINTENANCE OF PLACEMAKING FEATURES THAT IMPROVE THE EXPERIENCE FOR RESIDENTS AND VISITORS. STAFF WORKED CLOSELY WITH DOWNTOWN BUSINESSES, PROPERTY OWNERS, AND THE CITY OF TROY TO SUPPORT STOREFRONT IMPROVEMENTS, ENCOURAGE INVESTMENT, AND ADDRESS DISTRICT NEEDS. THESE EFFORTS CONTRIBUTED TO INCREASED FOOT TRAFFIC, A MORE WELCOMING ENVIRONMENT, AND ONGOING PRIVATE-SECTOR ENGAGEMENT IN THE DOWNTOWN CORE. IN 2024, TROY MAIN STREET PRODUCED A FULL CALENDAR OF COMMUNITY EVENTS DESIGNED TO DRAW VISITORS, SUPPORT LOCAL BUSINESSES, AND STRENGTHEN CIVIC PRIDE. MAJOR EVENTS INCLUDED THE GRAND ILLUMINATION, TASTE OF TROY, HOMETOWN HALLOWEEN, FRIDAYS ON PROUTY CONCERT SERIES, DONUT JAM, AND NUMEROUS HOLIDAY ACTIVITIES. THESE EVENTS COLLECTIVELY ATTRACTED THOUSANDS OF ATTENDEES AND PROVIDED SIGNIFICANT ECONOMIC BENEFIT TO DOWNTOWN MERCHANTS. THE ORGANIZATION ALSO EXECUTED MARKETING CAMPAIGNS, BUSINESS SPOTLIGHTS, AND DOWNTOWN PROMOTIONAL MATERIALS THAT ENCOURAGED SHOPPING, DINING, AND ENGAGEMENT THROUGHOUT THE YEAR. DURING 2024, TROY MAIN STREET DELIVERED DIRECT SUPPORT SERVICES TO DOWNTOWN BUSINESSES THROUGH REGULAR OUTREACH, RESOURCE SHARING, AND INDIVIDUALIZED ASSISTANCE. THE ORGANIZATION PROVIDED GUIDANCE FOR BUSINESS DEVELOPMENT, COORDINATED INFORMATION ON GRANTS AND INCENTIVES, ASSISTED ENTREPRENEURS, AND SERVED AS A LIAISON BETWEEN MERCHANTS, COMMUNITY PARTNERS, AND THE CITY OF TROY. TROY MAIN STREET ALSO FACILITATED COLLABORATIVE INITIATIVES THAT STRENGTHENED BUSINESS RETENTION AND EXPANSION, AND ADVOCATED FOR DOWNTOWN NEEDS TO ENSURE A HEALTHY AND SUSTAINABLE COMMERCIAL DISTRICT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 1995.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.