Farm Bureau Mississippi
EIN: 640334333 · Hattiesburg, MS
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $187K |
| Net Assets | $152K |
Is Farm Bureau Mississippi Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Farm Bureau Mississippi
Farm Bureau Mississippi (EIN: 640334333) is a nonprofit organization based in Hattiesburg, MS. The organization reported total revenue of $197K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farm Bureau Mississippi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farm Bureau Mississippi is a small nonprofit that has been operating for 66 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $187K |
| Surplus / Deficit | +$10K |
| Total Assets | $153K |
| Total Liabilities | $980 |
| Net Assets | $152K |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2024, Farm Bureau Mississippi reported a surplus of $10K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Farm Bureau Mississippi's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.7% | -1.9% | +13.2% |
| 2023 | +5.3% | +8.0% | +4.5% |
| 2022 | +1.2% | +3.0% | +4.1% |
| 2021 | +2.2% | +1.9% | +10.8% |
| 2020 | +7.9% | +0.4% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Farm Bureau Mississippi 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 Farm Bureau Mississippi 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Farm Bureau Mississippi
Is Farm Bureau Mississippi a legitimate charity?
Farm Bureau Mississippi (EIN: 640334333) is a registered tax-exempt nonprofit based in Mississippi. It has 14 years of IRS 990 filings on record. Total revenue: $197K. No red flags identified. Financial health grade: A.
How does Farm Bureau Mississippi spend its money?
Farm Bureau Mississippi reported $197K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Farm Bureau Mississippi tax-deductible?
Farm Bureau Mississippi is registered as a tax-exempt nonprofit (EIN: 640334333). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Farm Bureau Mississippi located?
Farm Bureau Mississippi is headquartered in Hattiesburg, Mississippi and files with the IRS under EIN 640334333.
How many years of IRS 990 filings does Farm Bureau Mississippi have?
Farm Bureau Mississippi has 14 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 $197K in total revenue.
Filing History
IRS 990 filing history for Farm Bureau Mississippi showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Farm Bureau Mississippi's revenue has grown by 14.3%, moving from $172K to $197K. Total assets increased by 170% over the same period, from $57K to $153K. Total functional expenses rose by 4.1%, from $180K to $187K. In its most recent filing year (2024), Farm Bureau Mississippi reported a surplus of $10K, with revenue exceeding expenses. The organization holds $980 in liabilities against $153K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $152K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $197K | $187K | $153K | $980 | — | — |
| 2023 | $196K | $191K | $135K | $2K | — | View 990 |
| 2022 | $186K | $177K | $129K | $2K | — | View 990 |
| 2021 | $184K | $172K | $124K | $2K | — | — |
| 2020 | $180K | $168K | $112K | $2K | — | View 990 |
| 2019 | $166K | $168K | $100K | $2K | — | View 990 |
| 2018 | $175K | $179K | $102K | $2K | — | View 990 |
| 2017 | $183K | $180K | $105K | $1K | — | View 990 |
| 2016 | $189K | $173K | $113K | $12K | — | — |
| 2015 | $188K | $177K | $87K | $1K | — | View 990 |
| 2014 | $168K | $165K | $77K | $1K | — | View 990 |
| 2013 | $177K | $167K | $74K | $1K | — | View 990 |
| 2012 | $171K | $163K | $65K | $893 | — | View 990 |
| 2011 | $172K | $180K | $57K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $197K, expenses of $187K, and assets of $153K (revenue +0.7% year-over-year).
- 2023: Revenue of $196K, expenses of $191K, and assets of $135K (revenue +5.3% year-over-year).
- 2022: Revenue of $186K, expenses of $177K, and assets of $129K (revenue +1.2% year-over-year).
- 2021: Revenue of $184K, expenses of $172K, and assets of $124K (revenue +2.2% year-over-year).
- 2020: Revenue of $180K, expenses of $168K, and assets of $112K (revenue +7.9% year-over-year).
- 2019: Revenue of $166K, expenses of $168K, and assets of $100K (revenue -4.9% year-over-year).
- 2018: Revenue of $175K, expenses of $179K, and assets of $102K (revenue -4.2% year-over-year).
- 2017: Revenue of $183K, expenses of $180K, and assets of $105K (revenue -3.1% year-over-year).
- 2016: Revenue of $189K, expenses of $173K, and assets of $113K (revenue +0.4% year-over-year).
- 2015: Revenue of $188K, expenses of $177K, and assets of $87K (revenue +12.0% year-over-year).
- 2014: Revenue of $168K, expenses of $165K, and assets of $77K (revenue -5.2% year-over-year).
- 2013: Revenue of $177K, expenses of $167K, and assets of $74K (revenue +3.3% year-over-year).
- 2012: Revenue of $171K, expenses of $163K, and assets of $65K (revenue -0.8% year-over-year).
- 2011: Revenue of $172K, expenses of $180K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farm Bureau Mississippi:
Data Sources and Methodology
This transparency report for Farm Bureau Mississippi 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.