Carnation Farms
EIN: 813414267 · Carnation, WA · NTEE: N20
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $3.6M |
| Net Assets | $1.6M |
Is Carnation Farms Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carnation Farms
Carnation Farms (EIN: 813414267) is a nonprofit organization based in Carnation, WA, classified under NTEE code N20. The organization reported total revenue of $5.8M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carnation Farms's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carnation Farms is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-348,556 |
| Total Assets | $2.7M |
| Total Liabilities | $1.0M |
| Net Assets | $1.6M |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 38.4% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2023, Carnation Farms reported a deficit of $349K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 38.4% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Carnation Farms's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | +18.9% | +6.5% |
| 2022 | -13.0% | -16.3% | -2.2% |
| 2021 | -1.9% | +23.0% | -81.1% |
| 2020 | -6.1% | -17.9% | +3.2% |
| 2019 | +19.6% | +8.5% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carnation Farms has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carnation Farms with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $349K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.4%.
Frequently Asked Questions about Carnation Farms
Is Carnation Farms a legitimate charity?
Based on AI analysis of IRS 990 filings, Carnation Farms (EIN: 813414267) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carnation Farms spend its money?
Detailed spending breakdown data is not yet available for Carnation Farms. Check back for updated IRS 990 analysis.
Are donations to Carnation Farms tax-deductible?
Carnation Farms is registered as a tax-exempt nonprofit (EIN: 813414267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carnation Farms located?
Carnation Farms is headquartered in Carnation, Washington and files with the IRS under EIN 813414267. It is classified under NTEE code N20.
How many years of IRS 990 filings does Carnation Farms have?
Carnation Farms has 8 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 $5.8M in total revenue.
Filing History
IRS 990 filing history for Carnation Farms showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Carnation Farms's revenue has grown by 93.4%, moving from $1.7M to $3.3M. Total assets increased by 178% over the same period, from $959K to $2.7M. Total functional expenses rose by 242.4%, from $1.1M to $3.6M. In its most recent filing year (2023), Carnation Farms reported a deficit of $349K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $2.7M in assets (debt-to-asset ratio: 38.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.6M | $2.7M | $1.0M | — | — |
| 2022 | $3.2M | $3.0M | $2.5M | $513K | — | View 990 |
| 2021 | $3.6M | $3.6M | $2.6M | $692K | — | View 990 |
| 2020 | $3.7M | $3.0M | $13.6M | $10.3M | — | — |
| 2019 | $3.9M | $3.6M | $13.1M | $9.9M | — | View 990 |
| 2018 | $3.3M | $3.3M | $13.7M | $10.2M | — | View 990 |
| 2017 | $3.8M | $3.5M | $14.6M | $10.7M | — | View 990 |
| 2016 | $1.7M | $1.1M | $959K | $299K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.6M, and assets of $2.7M (revenue +3.2% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.0M, and assets of $2.5M (revenue -13.0% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.6M, and assets of $2.6M (revenue -1.9% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.0M, and assets of $13.6M (revenue -6.1% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.6M, and assets of $13.1M (revenue +19.6% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.3M, and assets of $13.7M (revenue -12.0% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.5M, and assets of $14.6M (revenue +122.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.1M, and assets of $959K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carnation Farms:
Data Sources and Methodology
This transparency report for Carnation Farms 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.