Artfarm
Artfarm consistently operates with a surplus and zero executive compensation, growing assets to $47,016.
EIN: 204931656 · Middletown, CT · NTEE: A65 · Updated: 2026-03-28
Is Artfarm Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Artfarm directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Artfarm
Artfarm (EIN: 204931656) is a nonprofit organization based in Middletown, CT, classified under NTEE code A65. The organization reported total revenue of $59K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Artfarm's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Artfarm is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $52K |
| Surplus / Deficit | +$9K |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | 15.1% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Artfarm reported a surplus of $9K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Artfarm's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.4% | +4.2% | +24.6% |
| 2022 | -2.6% | +36.5% | -7.3% |
| 2021 | +8.6% | +51.2% | +40.4% |
| 2020 | +39.8% | -46.0% | +234.6% |
| 2019 | -45.9% | +7.8% | -60.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Artfarm with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Artfarm allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
Artfarm consistently reports 0% officer compensation across all 13 available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for a nonprofit of any size and suggests a volunteer-led or extremely lean leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Artfarm:
- Consistent financial surplus (e.g., $61,615 revenue vs. $52,334 expenses in 2023)
- Zero reported liabilities across all available filings
- Consistent growth in assets from $8,662 in 2019 to $47,016 in 2023
- 0% officer compensation reported in all 13 filings, indicating high efficiency
- Strong transparency with 13 consistent IRS 990 filings
Frequently Asked Questions about Artfarm
Is Artfarm a legitimate charity?
Based on AI analysis of IRS 990 filings, Artfarm (EIN: 204931656) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Artfarm spend its money?
Artfarm directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Artfarm tax-deductible?
Artfarm is registered as a tax-exempt nonprofit (EIN: 204931656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Artfarm a good charity?
Based on the provided financial data, Artfarm appears to be a very good charity. It consistently operates with a surplus, has no liabilities, and reports zero officer compensation, indicating efficient use of funds directly for its mission.
How has Artfarm's financial health changed over time?
Artfarm's financial health has generally improved, with assets growing from $8,662 in 2019 to $47,016 in 2023. While revenue and expenses have fluctuated, the organization has consistently maintained a positive net asset position and no liabilities.
What is Artfarm's approach to executive compensation?
Artfarm's approach to executive compensation is to pay none. All 13 filings show 0% officer compensation, suggesting a volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation.
Filing History
IRS 990 filing history for Artfarm showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Artfarm's revenue has declined by 45.3%, moving from $113K to $62K. Total assets increased by 1971.2% over the same period, from $2K to $47K. Total functional expenses fell by 54.3%, from $115K to $52K. In its most recent filing year (2023), Artfarm reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $52K | $47K | $0 | — | — |
| 2022 | $47K | $50K | $38K | $0 | — | View 990 |
| 2021 | $49K | $37K | $41K | $0 | — | — |
| 2020 | $45K | $24K | $29K | $0 | — | — |
| 2019 | $32K | $45K | $9K | $0 | — | View 990 |
| 2018 | $59K | $42K | $22K | $600 | — | View 990 |
| 2017 | $99K | $105K | $4K | $0 | — | — |
| 2016 | $124K | $120K | $13K | $2K | — | View 990 |
| 2015 | $122K | $127K | $4K | $0 | — | View 990 |
| 2014 | $133K | $126K | $9K | $0 | — | View 990 |
| 2013 | $128K | $127K | $3K | $2K | — | View 990 |
| 2012 | $72K | $73K | $1K | $0 | — | View 990 |
| 2011 | $113K | $115K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $52K, and assets of $47K (revenue +30.4% year-over-year).
- 2022: Revenue of $47K, expenses of $50K, and assets of $38K (revenue -2.6% year-over-year).
- 2021: Revenue of $49K, expenses of $37K, and assets of $41K (revenue +8.6% year-over-year).
- 2020: Revenue of $45K, expenses of $24K, and assets of $29K (revenue +39.8% year-over-year).
- 2019: Revenue of $32K, expenses of $45K, and assets of $9K (revenue -45.9% year-over-year).
- 2018: Revenue of $59K, expenses of $42K, and assets of $22K (revenue -40.1% year-over-year).
- 2017: Revenue of $99K, expenses of $105K, and assets of $4K (revenue -20.3% year-over-year).
- 2016: Revenue of $124K, expenses of $120K, and assets of $13K (revenue +1.1% year-over-year).
- 2015: Revenue of $122K, expenses of $127K, and assets of $4K (revenue -8.0% year-over-year).
- 2014: Revenue of $133K, expenses of $126K, and assets of $9K (revenue +4.3% year-over-year).
- 2013: Revenue of $128K, expenses of $127K, and assets of $3K (revenue +76.6% year-over-year).
- 2012: Revenue of $72K, expenses of $73K, and assets of $1K (revenue -35.9% year-over-year).
- 2011: Revenue of $113K, expenses of $115K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Artfarm:
Data Sources and Methodology
This transparency report for Artfarm is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.