Is Funny Farm Early Learning Center Incorporated Legit?
Quick charity verification for Funny Farm Early Learning Center Incorporated (EIN: 200128957)
Verdict: Funny Farm Early Learning Center Incorporated appears trustworthy
90/100Mission Score
$275KRevenue
$354KAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets, which could indicate conservative accounting or minimal debt financing.
Consistent 0% officer compensation, which, while positive for efficiency, is atypical for an organization of this scale and might warrant further inquiry into how leadership is compensated or sustained.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $294,303 revenue vs. $246,540 expenses in 202312).
Significant growth in assets over time, from $60,043 in 201412 to $378,547 in 202312, indicating strong financial stewardship.
Zero officer compensation reported across all filings, suggesting a high proportion of funds are directed towards programs and operations.
Low liabilities relative to assets, indicating a strong balance sheet and minimal financial risk (e.g., $11,579 liabilities vs. $378,547 assets in 202312).
Robust filing history with 13 IRS 990 filings, demonstrating consistent compliance and transparency.
Spending Breakdown
How Funny Farm Early Learning Center Incorporated 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 Funny Farm Early Learning Center Incorporated
Is Funny Farm Early Learning Center Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Funny Farm Early Learning Center Incorporated (EIN: 200128957) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Funny Farm Early Learning Center Incorporated a good charity to donate to?
Funny Farm Early Learning Center Incorporated has a Mission Score of 90/100. Revenue: $275K. Assets: $354K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Funny Farm Early Learning Center Incorporated?
The Employer Identification Number (EIN) for Funny Farm Early Learning Center Incorporated is 200128957. 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 Funny Farm Early Learning Center Incorporated spend its money?
Funny Farm Early Learning Center Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Funny Farm Early Learning Center Incorporated's tax-exempt status?
You can verify Funny Farm Early Learning Center Incorporated's tax-exempt status using EIN 200128957 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
Funny Farm Early Learning Center Incorporated demonstrates a generally stable financial position with consistent revenue streams over the past several years. In the latest filing (202312), the organization reported revenue of $294,303 against expenses of $246,540, resulting in a surplus that contributes to its growing asset base, which reached $378,547. This trend of revenue exceeding expenses is positive, indicating sound financial management and an ability to build reserves. The organization's liabilities are relatively low, standing at $11,579 in 202312, which is a healthy indicator of financial stability.
The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are primarily directed towards program delivery and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a significant positive for efficiency. The consistent growth in assets from $60,043 in 201412 to $378,547 in 202312 further underscores its financial health and capacity building.
Regarding transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The consistent reporting of 0% officer compensation across all periods is a clear and transparent statement about its compensation practices. While more granular detail on functional expenses would enhance a full transparency assessment, the available data points to a well-managed and accountable nonprofit.