551 Main Street Holding Corporation
Public records raise at least one point you should look into before giving.
What it says it does
THE EXCLUSIVE PURPOSE OF THE CORPORATION IS TO HOLD TITLE TO PROPERTY, IN ACCORDANCE WITH SECTION 501 (C) (2) OF THE UNITED STATE INTERNAL REVENUE CODE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO WORCESTER CENTER FOR PERFORMING ARTS, INC. A CORPORATION ENJOYING TAX EXEMPT STATUS AS A CHARITABLE CORPORATION DESCRIBED IN SECTION 501 (C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND A CORPORATION WHICH ITSELF IS ORGANIZED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS.
- Income
- $0
- Spending
- $479,873
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $342,692, president (former)
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. 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)
- $427,087 spent. OPERATING TWO BUILDINGS LOCATED IN WORCESTER, MASSACHUSETTS AND TURNING OVER NET INCOME GENERATED TO WORCESTER CENTER FOR PERFORMING ARTS CENTER, INC., A TAX EXEMPT CHARITABLE ORGANIZATION.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(2) title-holding corporation.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(2) title-holding corporation as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.