Central Farm Service Foundation
Central Farm Service Foundation consistently grows assets with zero officer compensation and minimal liabilities.
EIN: 208935618 · Truman, MN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $53K |
| Program Spending | 90% |
| Net Assets | $836K |
| Transparency Score | 95/100 |
Is Central Farm Service Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Farm Service Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Farm Service Foundation
Central Farm Service Foundation (EIN: 208935618) is a nonprofit organization based in Truman, MN, classified under NTEE code B82. The organization reported total revenue of $130K and total assets of $921K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Farm Service Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Farm Service Foundation is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -9.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $53K |
| Surplus / Deficit | $-9,491 |
| Total Assets | $836K |
| Total Liabilities | $1 |
| Net Assets | $836K |
| Operating Margin | -21.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.2 months |
Financial Health Grade: B
In 2024, Central Farm Service Foundation reported a deficit of $9K with expenses exceeding revenue, holds 190.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2024), Central Farm Service Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.1% | +165.2% | -1.1% |
| 2023 | -91.7% | -0.4% | +2.3% |
| 2022 | +2181.8% | -49.9% | +122.3% |
| 2021 | -43.9% | +346.7% | -4.9% |
| 2020 | +59.9% | -87.1% | +7.8% |
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 Central Farm Service Foundation 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, Central Farm Service Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This is highly favorable, as it ensures all donor funds are directed towards the mission rather than salaries.
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 Central Farm Service Foundation:
- Consistent asset growth from $389,851 in 201307 to $921,416 currently.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Extremely low liabilities, often $1, demonstrating strong financial management.
- Transparent financial history with 12 filings available.
- High spending efficiency due to lack of executive salaries.
Frequently Asked Questions about Central Farm Service Foundation
Is Central Farm Service Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Farm Service Foundation (EIN: 208935618) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Central Farm Service Foundation spend its money?
Central Farm Service Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Farm Service Foundation tax-deductible?
Central Farm Service Foundation is registered as a tax-exempt nonprofit (EIN: 208935618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Central Farm Service Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Central Farm Service Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Farm Service Foundation located?
Central Farm Service Foundation is headquartered in Truman, Minnesota and files with the IRS under EIN 208935618. It is classified under NTEE code B82.
How many years of IRS 990 filings does Central Farm Service Foundation have?
Central Farm Service Foundation has 12 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 $130K in total revenue.
Is Central Farm Service Foundation a good charity?
Based on the provided data, Central Farm Service Foundation appears to be a very good charity. It consistently reports zero officer compensation, maintains minimal liabilities, and has shown consistent asset growth over more than a decade, indicating strong financial stewardship and a high proportion of funds going directly to its mission.
How has the organization's asset base changed over time?
The organization's assets have grown significantly, from $389,851 in 201307 to $921,416 currently, demonstrating a strong trend of financial growth and stability.
What is the organization's approach to executive compensation?
Central Farm Service Foundation reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based, which is a significant positive for donor confidence and program efficiency.
Filing History
IRS 990 filing history for Central Farm Service Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), Central Farm Service Foundation's revenue has declined by 73.8%, moving from $165K to $43K. Total assets increased by 143% over the same period, from $344K to $836K. Total functional expenses rose by 395.2%, from $11K to $53K. In its most recent filing year (2024), Central Farm Service Foundation reported a deficit of $9K, with expenses exceeding revenue. The organization holds $1 in liabilities against $836K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $836K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $43K | $53K | $836K | $1 | — | — |
| 2023 | $39K | $20K | $845K | $1 | — | View 990 |
| 2022 | $474K | $20K | $826K | $1 | — | View 990 |
| 2021 | $21K | $40K | $371K | $1 | — | View 990 |
| 2020 | $37K | $9K | $391K | $1 | — | View 990 |
| 2019 | $23K | $69K | $362K | $0 | — | View 990 |
| 2016 | $25K | $43K | $399K | $0 | — | View 990 |
| 2015 | $37K | $68K | $417K | $0 | — | View 990 |
| 2014 | $86K | $41K | $441K | $0 | — | View 990 |
| 2013 | $54K | $24K | $390K | $0 | — | View 990 |
| 2012 | $19K | $11K | $355K | $0 | — | View 990 |
| 2011 | $165K | $11K | $344K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $43K, expenses of $53K, and assets of $836K (revenue +10.1% year-over-year).
- 2023: Revenue of $39K, expenses of $20K, and assets of $845K (revenue -91.7% year-over-year).
- 2022: Revenue of $474K, expenses of $20K, and assets of $826K (revenue +2181.8% year-over-year).
- 2021: Revenue of $21K, expenses of $40K, and assets of $371K (revenue -43.9% year-over-year).
- 2020: Revenue of $37K, expenses of $9K, and assets of $391K (revenue +59.9% year-over-year).
- 2019: Revenue of $23K, expenses of $69K, and assets of $362K (revenue -7.1% year-over-year).
- 2016: Revenue of $25K, expenses of $43K, and assets of $399K (revenue -31.9% year-over-year).
- 2015: Revenue of $37K, expenses of $68K, and assets of $417K (revenue -57.4% year-over-year).
- 2014: Revenue of $86K, expenses of $41K, and assets of $441K (revenue +59.6% year-over-year).
- 2013: Revenue of $54K, expenses of $24K, and assets of $390K (revenue +188.9% year-over-year).
- 2012: Revenue of $19K, expenses of $11K, and assets of $355K (revenue -88.7% year-over-year).
- 2011: Revenue of $165K, expenses of $11K, and assets of $344K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Farm Service Foundation:
Data Sources and Methodology
This transparency report for Central Farm Service Foundation 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.