Catawba County Farm Bureau Inc
EIN: 566065226 · Conover, NC
| Metric | Value |
|---|---|
| Total Revenue | $481K |
| Total Expenses | $299K |
| Net Assets | $616K |
Is Catawba County Farm Bureau Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Catawba County Farm Bureau Inc
Catawba County Farm Bureau Inc (EIN: 566065226) is a nonprofit organization based in Conover, NC. The organization reported total revenue of $481K and total assets of $636K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catawba County Farm Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catawba County Farm Bureau Inc is a small nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $293K |
| Total Expenses | $299K |
| Surplus / Deficit | $-5,715 |
| Total Assets | $616K |
| Net Assets | $616K |
| Operating Margin | -1.9% |
| Months of Reserves | 24.7 months |
Financial Health Grade: B
In 2023, Catawba County Farm Bureau Inc reported a deficit of $6K with expenses exceeding revenue, holds 24.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Catawba County Farm Bureau Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +11.7% | -0.9% |
| 2022 | +1.1% | +5.5% | +1.0% |
| 2021 | +2.1% | +12.1% | +2.9% |
| 2020 | +8.5% | -13.5% | +7.0% |
| 2019 | +0.5% | +7.4% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Catawba County Farm Bureau Inc 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 Catawba County Farm Bureau Inc 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 $6K, with expenses exceeding revenue.
Frequently Asked Questions about Catawba County Farm Bureau Inc
Is Catawba County Farm Bureau Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Catawba County Farm Bureau Inc (EIN: 566065226) insufficient data. 0 red flags identified, 0 strengths noted.
How does Catawba County Farm Bureau Inc spend its money?
Detailed spending breakdown data is not yet available for Catawba County Farm Bureau Inc. Check back for updated IRS 990 analysis.
Are donations to Catawba County Farm Bureau Inc tax-deductible?
Catawba County Farm Bureau Inc is registered as a tax-exempt nonprofit (EIN: 566065226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Catawba County Farm Bureau Inc located?
Catawba County Farm Bureau Inc is headquartered in Conover, North Carolina and files with the IRS under EIN 566065226.
How many years of IRS 990 filings does Catawba County Farm Bureau Inc have?
Catawba County Farm Bureau 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 $481K in total revenue.
Filing History
IRS 990 filing history for Catawba County Farm Bureau Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Catawba County Farm Bureau Inc's revenue has grown by 15.7%, moving from $253K to $293K. Total assets increased by 14.5% over the same period, from $538K to $616K. Total functional expenses rose by 42.9%, from $209K to $299K. In its most recent filing year (2023), Catawba County Farm Bureau Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $293K | $299K | $616K | $0 | — | View 990 |
| 2022 | $274K | $268K | $621K | $0 | — | View 990 |
| 2021 | $271K | $254K | $615K | $0 | — | View 990 |
| 2020 | $265K | $226K | $598K | $0 | — | — |
| 2019 | $245K | $262K | $559K | $0 | — | View 990 |
| 2018 | $243K | $244K | $576K | $0 | — | View 990 |
| 2017 | $243K | $239K | $576K | $0 | — | View 990 |
| 2016 | $232K | $229K | $572K | $0 | — | View 990 |
| 2015 | $224K | $210K | $570K | $0 | — | View 990 |
| 2014 | $215K | $213K | $555K | $0 | — | View 990 |
| 2013 | $207K | $197K | $553K | $0 | — | View 990 |
| 2012 | $208K | $202K | $543K | $0 | — | View 990 |
| 2011 | $253K | $209K | $538K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $293K, expenses of $299K, and assets of $616K (revenue +7.0% year-over-year).
- 2022: Revenue of $274K, expenses of $268K, and assets of $621K (revenue +1.1% year-over-year).
- 2021: Revenue of $271K, expenses of $254K, and assets of $615K (revenue +2.1% year-over-year).
- 2020: Revenue of $265K, expenses of $226K, and assets of $598K (revenue +8.5% year-over-year).
- 2019: Revenue of $245K, expenses of $262K, and assets of $559K (revenue +0.5% year-over-year).
- 2018: Revenue of $243K, expenses of $244K, and assets of $576K (revenue +0.3% year-over-year).
- 2017: Revenue of $243K, expenses of $239K, and assets of $576K (revenue +4.6% year-over-year).
- 2016: Revenue of $232K, expenses of $229K, and assets of $572K (revenue +3.5% year-over-year).
- 2015: Revenue of $224K, expenses of $210K, and assets of $570K (revenue +4.0% year-over-year).
- 2014: Revenue of $215K, expenses of $213K, and assets of $555K (revenue +4.1% year-over-year).
- 2013: Revenue of $207K, expenses of $197K, and assets of $553K (revenue -0.4% year-over-year).
- 2012: Revenue of $208K, expenses of $202K, and assets of $543K (revenue -18.0% year-over-year).
- 2011: Revenue of $253K, expenses of $209K, and assets of $538K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catawba County Farm Bureau Inc:
Data Sources and Methodology
This transparency report for Catawba County Farm Bureau 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.