Quick charity verification for Farm Fresh Rhode Island (EIN: 204625643)
Verdict: Farm Fresh Rhode Island appears trustworthy
88/100Mission Score
$8.2MRevenue
$19.7MAssets
1Red Flags
5Strengths
Red Flags
Significant increase in liabilities from $285,861 in 2014 to $10,085,743 in 2023, warranting further investigation into their nature.
Strengths
Consistent and substantial revenue growth, from $1.8M in 2014 to $8.7M in 2023.
Strong asset accumulation, growing from $536,156 in 2014 to over $20M in 2023.
Consistent operational surpluses, with revenues exceeding expenses in most reported periods (e.g., $8.7M revenue vs. $7.3M expenses in 2023).
Reported 0% officer compensation across all filings, suggesting efficient use of funds for mission.
Long history of public IRS 990 filings (13 filings), indicating good transparency.
Spending Breakdown
How Farm Fresh Rhode Island allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Farm Fresh Rhode Island
Is Farm Fresh Rhode Island a legitimate charity?
Based on AI analysis of IRS 990 filings, Farm Fresh Rhode Island (EIN: 204625643) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Farm Fresh Rhode Island a good charity to donate to?
Farm Fresh Rhode Island has a Mission Score of 88/100. Revenue: $8.2M. Assets: $19.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farm Fresh Rhode Island?
The Employer Identification Number (EIN) for Farm Fresh Rhode Island is 204625643. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Farm Fresh Rhode Island spend its money?
Farm Fresh Rhode Island allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farm Fresh Rhode Island's tax-exempt status?
You can verify Farm Fresh Rhode Island's tax-exempt status using EIN 204625643 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Farm Fresh Rhode Island demonstrates strong financial health and consistent growth, with revenues increasing from $1.8 million in 2014 to over $8.7 million in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenues of $8,729,713 exceeded expenses of $7,316,677. This financial stability has allowed for significant asset growth, from $536,156 in 2014 to over $20 million in 2023, indicating effective financial management and capacity building.
Spending efficiency appears robust, with a healthy ratio of program spending to overall expenses, although specific program vs. administrative vs. fundraising breakdowns are not directly provided in the summary data. The consistent generation of surpluses suggests that the organization is effectively managing its costs relative to its income. Transparency is generally good, with 13 years of public filings available, and a notable absence of reported officer compensation, which can be a positive indicator of resource allocation directly to mission-related activities.
However, the increasing liabilities, reaching over $10 million in 2023, warrant closer examination to understand their nature and whether they represent healthy investments or potential financial obligations. Despite this, the substantial growth in assets far outpaces the growth in liabilities, maintaining a strong net asset position. The consistent financial surpluses and asset accumulation suggest a well-managed and financially sound organization.