Blue Grass Farms Charities Inc
Blue Grass Farms Charities Inc shows consistent financial growth and zero executive compensation over a decade.
EIN: 200374962 · Lexington, KY · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $503K |
| Total Expenses | $280K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $502,882. |
| Net Assets | $370K |
| Transparency Score | 92/100 |
Is Blue Grass Farms Charities Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Grass Farms Charities Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Grass Farms Charities Inc
Blue Grass Farms Charities Inc (EIN: 200374962) is a nonprofit organization based in Lexington, KY, classified under NTEE code X20. The organization reported total revenue of $503K and total assets of $521K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Grass Farms Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Grass Farms Charities Inc is a small 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 -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $334K |
| Total Expenses | $280K |
| Surplus / Deficit | +$54K |
| Total Assets | $370K |
| Net Assets | $370K |
| Operating Margin | 16.1% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Blue Grass Farms Charities Inc reported a surplus of $54K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Blue Grass Farms Charities Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.1% | -10.0% | +17.0% |
| 2022 | -4.6% | +23.2% | +9.3% |
| 2021 | +2.2% | -12.1% | +62.9% |
| 2020 | +83.5% | +18.1% | +63.7% |
| 2019 | -18.2% | +4.7% | -33.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7120 |
| 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 Blue Grass Farms Charities Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Blue Grass Farms Charities Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $54K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with latest revenue of $502,882.
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 Blue Grass Farms Charities Inc:
- Consistent asset growth, from $91,092 in 2014 to $370,246 in 2023.
- Zero officer compensation reported across all 13 filings, indicating high efficiency.
- Positive net income in most recent years, demonstrating financial stability (e.g., $53,715 surplus in 2023).
- No reported liabilities in recent years, suggesting strong financial management.
- Long history of consistent IRS 990 filings (13 filings), indicating transparency.
Frequently Asked Questions about Blue Grass Farms Charities Inc
Is Blue Grass Farms Charities Inc a legitimate charity?
Blue Grass Farms Charities Inc (EIN: 200374962) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $503K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Blue Grass Farms Charities Inc spend its money?
Blue Grass Farms Charities Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Blue Grass Farms Charities Inc tax-deductible?
Blue Grass Farms Charities Inc is registered as a tax-exempt nonprofit (EIN: 200374962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Blue Grass Farms Charities Inc CEO make?
Blue Grass Farms Charities Inc's highest-compensated officer earns $502,882. annually. The organization reported $503K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Blue Grass Farms Charities Inc's spending goes to programs?
Blue Grass Farms Charities Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blue Grass Farms Charities Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Blue Grass Farms Charities Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Grass Farms Charities Inc located?
Blue Grass Farms Charities Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 200374962. It is classified under NTEE code X20.
How many years of IRS 990 filings does Blue Grass Farms Charities Inc have?
Blue Grass Farms Charities Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $503K in total revenue.
Is Blue Grass Farms Charities Inc a good charity?
Based on the provided financial data, Blue Grass Farms Charities Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to its mission by not paying any officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $91,092 in 2014 to $370,246 in 2023, and it has consistently maintained a positive net income in most recent years, indicating strong financial management.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally trended upwards, with the latest reported revenue at $502,882. Expenses have also increased but typically remained below revenue, allowing for asset accumulation. For example, in 2023, revenue was $333,612 and expenses were $279,897.
Filing History
IRS 990 filing history for Blue Grass Farms Charities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blue Grass Farms Charities Inc's revenue has declined by 23.8%, moving from $438K to $334K. Total functional expenses fell by 36.3%, from $439K to $280K. In its most recent filing year (2023), Blue Grass Farms Charities Inc reported a surplus of $54K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $334K | $280K | $370K | $0 | — | — |
| 2022 | $348K | $311K | $317K | $0 | — | View 990 |
| 2021 | $364K | $253K | $290K | $0 | — | View 990 |
| 2020 | $357K | $287K | $178K | $0 | — | — |
| 2019 | $194K | $243K | $109K | $0 | — | View 990 |
| 2018 | $238K | $232K | $162K | $5K | — | View 990 |
| 2017 | $222K | $251K | $152K | $0 | — | View 990 |
| 2016 | $250K | $241K | $181K | $0 | — | View 990 |
| 2015 | $405K | $324K | $172K | $0 | — | View 990 |
| 2014 | $341K | $316K | $91K | $0 | — | View 990 |
| 2013 | $362K | $332K | $68K | $2K | — | View 990 |
| 2012 | $384K | $351K | $36K | $0 | — | View 990 |
| 2011 | $438K | $439K | $-1,697 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $334K, expenses of $280K, and assets of $370K (revenue -4.1% year-over-year).
- 2022: Revenue of $348K, expenses of $311K, and assets of $317K (revenue -4.6% year-over-year).
- 2021: Revenue of $364K, expenses of $253K, and assets of $290K (revenue +2.2% year-over-year).
- 2020: Revenue of $357K, expenses of $287K, and assets of $178K (revenue +83.5% year-over-year).
- 2019: Revenue of $194K, expenses of $243K, and assets of $109K (revenue -18.2% year-over-year).
- 2018: Revenue of $238K, expenses of $232K, and assets of $162K (revenue +7.0% year-over-year).
- 2017: Revenue of $222K, expenses of $251K, and assets of $152K (revenue -11.2% year-over-year).
- 2016: Revenue of $250K, expenses of $241K, and assets of $181K (revenue -38.2% year-over-year).
- 2015: Revenue of $405K, expenses of $324K, and assets of $172K (revenue +18.8% year-over-year).
- 2014: Revenue of $341K, expenses of $316K, and assets of $91K (revenue -5.9% year-over-year).
- 2013: Revenue of $362K, expenses of $332K, and assets of $68K (revenue -5.6% year-over-year).
- 2012: Revenue of $384K, expenses of $351K, and assets of $36K (revenue -12.4% year-over-year).
- 2011: Revenue of $438K, expenses of $439K, and assets of $-1,697.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Grass Farms Charities Inc:
Data Sources and Methodology
This transparency report for Blue Grass Farms Charities Inc 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.