Farmers Outreach Solutions Inc
Farmers Outreach Solutions Inc shows significant recent revenue growth but lacks detailed spending transparency.
EIN: 202884532 · Knightdale, NC · NTEE: K20 · Updated: 2026-03-28
Is Farmers Outreach Solutions Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farmers Outreach Solutions Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Farmers Outreach Solutions Inc
Farmers Outreach Solutions Inc (EIN: 202884532) is a nonprofit organization based in Knightdale, NC, classified under NTEE code K20. The organization reported total revenue of $717K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmers Outreach Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farmers Outreach Solutions Inc is a small nonprofit that has been operating for 20 years, with 2 years of IRS 990 filings on record (2010–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $93K |
| Surplus / Deficit | $-8,468 |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | -10.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Farmers Outreach Solutions Inc reported a deficit of $8K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Farmers Outreach Solutions Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Farmers Outreach Solutions Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was reported as 0% in the 202212 filing, indicating that at that time, executive leadership was either unpaid or compensated through other means not categorized as officer compensation, which is very lean for an organization with $84,211 in revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Farmers Outreach Solutions Inc's IRS 990 filings:
- Lack of detailed expense breakdown for latest revenue period
- Historical deficit in 202212 filing (expenses $92,679 vs. revenue $84,211)
Strengths
The following positive indicators were identified for Farmers Outreach Solutions Inc:
- Significant recent revenue growth to $717,432
- 0% officer compensation reported in 202212 filing, indicating lean leadership costs
- Positive asset growth to $417,670
Frequently Asked Questions about Farmers Outreach Solutions Inc
Is Farmers Outreach Solutions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmers Outreach Solutions Inc (EIN: 202884532) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Farmers Outreach Solutions Inc spend its money?
Farmers Outreach Solutions Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farmers Outreach Solutions Inc tax-deductible?
Farmers Outreach Solutions Inc is registered as a tax-exempt nonprofit (EIN: 202884532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Farmers Outreach Solutions Inc a good charity?
Based on the available data, Farmers Outreach Solutions Inc shows promising growth with its latest revenue of $717,432. The 0% officer compensation in 2022 suggests a strong commitment to program spending. However, a full assessment requires more detailed expense breakdowns for the latest period to evaluate spending efficiency and program impact.
What caused the significant revenue increase from $84,211 in 2022 to $717,432 recently?
The provided data does not specify the exact reasons for this substantial increase. It could be due to successful grant applications, increased donations, or expansion of programs and services.
What percentage of total expenses goes directly to programs?
Without the detailed expense breakdown for the latest period, it's not possible to provide an exact percentage. However, the 0% officer compensation in 2022 suggests a high proportion of funds likely went to programs or operational costs at that time.
Filing History
IRS 990 filing history for Farmers Outreach Solutions Inc showing financial trends over 2 years of public records:
In its most recent filing year (2022), Farmers Outreach Solutions Inc reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $84K | $93K | $1 | $0 | — | View 990 |
| 2010 | $0 | $0 | $0 | $0 | — | — |
Data Sources and Methodology
This transparency report for Farmers Outreach Solutions 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.