Eastern Shore Food Lab
EIN: 872923944 · Chestertown, MD · NTEE: B05
| Metric | Value |
|---|---|
| Total Revenue | $278K |
| Total Expenses | $156K |
| Net Assets | $50K |
Is Eastern Shore Food Lab Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eastern Shore Food Lab
Eastern Shore Food Lab (EIN: 872923944) is a nonprofit organization based in Chestertown, MD, classified under NTEE code B05. The organization reported total revenue of $278K and total assets of $118K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Shore Food Lab's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern Shore Food Lab is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 198.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $156K |
| Surplus / Deficit | +$33K |
| Total Assets | $60K |
| Total Liabilities | $11K |
| Net Assets | $50K |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 18.0% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2023, Eastern Shore Food Lab reported a surplus of $33K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 18.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Eastern Shore Food Lab's revenue has grown at a compound annual growth rate (CAGR) of 198.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +198.2% | +236.8% | +195.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eastern Shore Food Lab 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 Eastern Shore Food Lab 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 surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.0%.
Frequently Asked Questions about Eastern Shore Food Lab
Is Eastern Shore Food Lab a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern Shore Food Lab (EIN: 872923944) insufficient data. 0 red flags identified, 0 strengths noted.
How does Eastern Shore Food Lab spend its money?
Detailed spending breakdown data is not yet available for Eastern Shore Food Lab. Check back for updated IRS 990 analysis.
Are donations to Eastern Shore Food Lab tax-deductible?
Eastern Shore Food Lab is registered as a tax-exempt nonprofit (EIN: 872923944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eastern Shore Food Lab located?
Eastern Shore Food Lab is headquartered in Chestertown, Maryland and files with the IRS under EIN 872923944. It is classified under NTEE code B05.
How many years of IRS 990 filings does Eastern Shore Food Lab have?
Eastern Shore Food Lab has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $278K in total revenue.
Filing History
IRS 990 filing history for Eastern Shore Food Lab showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Eastern Shore Food Lab's revenue has grown by 198.2%, moving from $63K to $188K. Total assets increased by 195.6% over the same period, from $20K to $60K. Total functional expenses rose by 236.8%, from $46K to $156K. In its most recent filing year (2023), Eastern Shore Food Lab reported a surplus of $33K, with revenue exceeding expenses. The organization holds $11K in liabilities against $60K in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $156K | $60K | $11K | — | — |
| 2022 | $63K | $46K | $20K | $3K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern Shore Food Lab:
Data Sources and Methodology
This transparency report for Eastern Shore Food Lab 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.