Coastal Foodshed Inc
EIN: 824559064 · New Bedford, MA · NTEE: K40
Is Coastal Foodshed Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coastal Foodshed Inc
Coastal Foodshed Inc (EIN: 824559064) is a nonprofit organization based in New Bedford, MA, classified under NTEE code K40. The organization reported total revenue of $1.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Foodshed Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Coastal Foodshed 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 Coastal Foodshed 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.
Frequently Asked Questions about Coastal Foodshed Inc
Is Coastal Foodshed Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Coastal Foodshed Inc (EIN: 824559064) insufficient data. 0 red flags identified, 0 strengths noted.
How does Coastal Foodshed Inc spend its money?
Detailed spending breakdown data is not yet available for Coastal Foodshed Inc. Check back for updated IRS 990 analysis.
Are donations to Coastal Foodshed Inc tax-deductible?
Coastal Foodshed Inc is registered as a tax-exempt nonprofit (EIN: 824559064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Coastal Foodshed Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Coastal Foodshed Inc's revenue has grown by 459.1%, moving from $166K to $930K. Total assets increased by 1349.5% over the same period, from $40K to $574K. Total functional expenses rose by 533%, from $131K to $827K. In its most recent filing year (2023), Coastal Foodshed Inc reported a surplus of $103K, with revenue exceeding expenses. The organization holds $126K in liabilities against $574K in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $448K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $930K | $827K | $574K | $126K | — | — |
| 2022 | $588K | $421K | $651K | $309K | — | View 990 |
| 2021 | $400K | $393K | $196K | $21K | — | View 990 |
| 2020 | $733K | $665K | $216K | $48K | — | — |
| 2019 | $343K | $279K | $105K | $5K | — | View 990 |
| 2018 | $166K | $131K | $40K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $930K, expenses of $827K, and assets of $574K (revenue +58.2% year-over-year).
- 2022: Revenue of $588K, expenses of $421K, and assets of $651K (revenue +46.9% year-over-year).
- 2021: Revenue of $400K, expenses of $393K, and assets of $196K (revenue -45.4% year-over-year).
- 2020: Revenue of $733K, expenses of $665K, and assets of $216K (revenue +113.7% year-over-year).
- 2019: Revenue of $343K, expenses of $279K, and assets of $105K (revenue +106.2% year-over-year).
- 2018: Revenue of $166K, expenses of $131K, and assets of $40K.
Data Sources and Methodology
This transparency report for Coastal Foodshed 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.