Quick charity verification for Farmsteads Of New England Inc (EIN: 20517433)
Verdict: Farmsteads Of New England Inc appears trustworthy
85/100Mission Score
$6.3MRevenue
$5.2MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and revenue, potentially indicating a lack of transparency in executive remuneration.
Consistent revenue growth over the past decade, indicating strong financial health and donor support.
High program spending efficiency, with expenses closely tracking revenue, suggesting effective use of funds for its mission.
Healthy asset growth, reaching $2,862,743 in 2023, enhancing the organization's financial capacity.
Positive net income in recent years (e.g., $143,249 in 2023), contributing to reserves and sustainability.
Spending Breakdown
How Farmsteads Of New England Inc allocates its funds across programs, administration, and fundraising.
88%
Program Spending
Healthy — majority goes to mission
7%
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 Farmsteads Of New England Inc
Is Farmsteads Of New England Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmsteads Of New England Inc (EIN: 20517433) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Farmsteads Of New England Inc a good charity to donate to?
Farmsteads Of New England Inc has a Mission Score of 85/100. Revenue: $6.3M. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farmsteads Of New England Inc?
The Employer Identification Number (EIN) for Farmsteads Of New England Inc is 20517433. 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 Farmsteads Of New England Inc spend its money?
Farmsteads Of New England Inc allocates 88% to programs, 7% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farmsteads Of New England Inc's tax-exempt status?
You can verify Farmsteads Of New England Inc's tax-exempt status using EIN 20517433 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
Farmsteads Of New England Inc demonstrates a generally stable financial position with consistent revenue growth over the past decade, culminating in $4,444,737 in revenue for the 202306 period. The organization consistently spends a significant portion of its income on its programs, as evidenced by expenses closely tracking revenue, such as $4,301,488 in expenses against $4,444,737 in revenue in 2023. This indicates efficient use of funds towards its mission. The organization's assets have also shown a healthy upward trend, reaching $2,862,743 in 2023, suggesting good financial management and capacity building.
However, a notable aspect of its financial reporting is the consistent declaration of 0% officer compensation across all available filings. While this could indicate a volunteer-led executive team, it warrants further investigation to understand how leadership is compensated, if at all, or if these roles are structured differently. This lack of reported compensation could be a point of concern for transparency if executive functions are indeed being performed without any form of remuneration being disclosed, or if compensation is being reported under other categories. The organization's liabilities have also grown alongside assets, reaching $1,669,670 in 2023, which is a factor to monitor, though its asset-to-liability ratio remains healthy.