Passes our checks

Silver City Mainstreet Project

EIN 85-0359283 · Silver City, NM

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

What it says it does

TO ENCOURAGE A VIBRANT, HISTORIC DOWNTOWN SILVER CITY WHICH IS RECOGNIZED AS THE HEART OF OUR DIVERSE COMMUNITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 82 out of 100.

Reserves
28 of 35
Spendable reserves would cover 6.7 months of spending.
Debt
16 of 20
It owes 18% of what it owns.
Living within its means
8 of 15
Spending exceeded income by 0% of income.
Income trend
15 of 15
Income rose 14% on the year before.
Spending floor
15 of 15
84% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 75 out of 100.

Independent board
25 of 25
9 of 9 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
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

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

Programs described in its return (3)

$3,611 spent. ORGANIZE AND MAINTAIN PROMOTIONAL ADVERTISING CAMPAIGN FOR SILVER CITY. WORK WITH TOWN LODGERS TAX REVENUES ALONG WITH STATE TOURISM DOLLARS TO ENCOURAGE VISITORS TO OUR COMMUNITY.
SECURED GRANTS AND LEGISLATIVE ALLOCATIONS FOR TOWN OF SILVER CITY FOR DOWNTOWN IMPROVEMENTS. COORDINATE AND WRITE GRANT PROPOSALS, DEVELOP LITTER ABATEMENT AND BEAUTIFICATION PROJECTS. WORK TO IMPLEMENT HISTORIC PRESERVATION LAWS.
$404,627 spent. ORGANIZE PROMOTIONAL EVENTS TO STIMULATE DOWNTOWN ECONOMY. EVENTS INCLUDE: LIGHTED CHRISTMAS PARADE, AND OTHER EVENTS TIED TO OTHER ORGANIZATIONS. PUBLIC NEWSLETTER AND OTHER COMMUNICATIONS TO OVER 150 MEMBERS AND BUSINESSES ALONG WITH VISITORS AND THE COMMUNITY AT LARGE. OPERATE AND MANAGE LOCAL SILCO THEATER.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

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.
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.
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.
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 March 1988.
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 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.