Is Touchstone Farm Inc Legit?

Quick charity verification for Touchstone Farm Inc (EIN: 20436529)

Verdict: Touchstone Farm Inc appears trustworthy

88/100Mission Score
$991KRevenue
$1.1MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Touchstone Farm Inc. demonstrates a generally stable financial history, with revenues fluctuating but often exceeding expenses in earlier periods, contributing to asset growth. However, the most recent filing (202312) shows a significant deficit, with expenses of $803,265 exceeding revenue of $501,168, which is a concern if it becomes a trend. The organization's assets have grown substantially over the years, from $395,324 in 2014 to $1,768,733 in 2023, indicating some financial stability built over time, though liabilities have also increased. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, enhancing transparency and public trust. While the recent deficit warrants monitoring, the overall pattern of asset accumulation and lack of executive compensation are positive indicators of financial health and responsible management.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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