Community Improvement (S25Z) IRS Verified DX Registered 990 on File

MAIN STREET VERO BEACH INC

EIN: 65-0446755 · VERO BEACH, FL 32960-3430 · United States · FY 2023 Data

2 out of 5 36 / 100 Based on 2+ years of filings

Financial strength (30%) 41/100

Reliability (20%) 55/100

Effectiveness (25%) 52/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

MSVB is an organization composed of interested residents, property owners, business and professional people dedicated to the promotion of civic pride and community involvement in the historic downtown area. The program works to make downtown Vero Beach an attractive, safe place to live, shop, work and play. The program is authorized and empowered to do all things necessary to carry on and accomplish the mission for which it is organized and which are allowable by law.

Financial Overview — FY 2023

$55K

Total Revenue

$64K

Total Expenses

$13K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 45.1%

Fundraising Efficiency 84.8%

Operating Reserve 2.42x

Liability-to-Asset 0.0%

Revenue Diversification 69.5%

Compared with Peers

FY 2023

Compared with 5,508 similar organizations (United States, Community Improvement, under $100K in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	45.1%	83.6%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	84.8%	41.5%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	2.4 mo	24.8 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	0.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	69.5%	99.0%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-27.1%	-0.8%	P10P90
Expense growth Year over year expense growth	-23.3%	0.0%	P10P90
Surplus margin Surplus as a share of revenue	-15.3%	11.9%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$55K	$64K	$13K	45.1%	—
2022	$76K	$83K	$9K	56.9%	—
2021	$92K	$68K	N/A	—	1
2020	$69K	$86K	N/A	—	1

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Organization Details

EIN: 65-0446755
State: FL
City: VERO BEACH
ZIP: 32960-3430
Classification: S25Z
Category: Community Improvement
Rating: 2★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1998
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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