Farmington Youth Basketball Association
Farmington Youth Basketball Association maintains stable finances with volunteer leadership and consistent program spending.
EIN: 10612697 · Farmington, MN · NTEE: N62 · Updated: 2026-03-28
Is Farmington Youth Basketball Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farmington Youth Basketball Association directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farmington Youth Basketball Association
Farmington Youth Basketball Association (EIN: 10612697) is a nonprofit organization based in Farmington, MN, classified under NTEE code N62. The organization reported total revenue of $308K and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmington Youth Basketball Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Farmington Youth Basketball Association with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Farmington Youth Basketball Association allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with annual revenues exceeding $300,000.
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 Farmington Youth Basketball Association:
- 0% Officer Compensation: Leadership is entirely volunteer-based, maximizing funds for programs.
- Zero Liabilities: Consistently reports no liabilities, indicating strong financial management and no debt.
- Consistent Program Delivery: Stable revenue and expense history over a decade suggests ongoing program operations.
- Strong Asset Base: Maintains a healthy level of assets relative to its operational size, with $101,358 in the latest period.
- High Transparency: 11 filings available, demonstrating consistent and timely reporting to the IRS.
Frequently Asked Questions about Farmington Youth Basketball Association
Is Farmington Youth Basketball Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmington Youth Basketball Association (EIN: 10612697) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Farmington Youth Basketball Association spend its money?
Farmington Youth Basketball Association directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farmington Youth Basketball Association tax-deductible?
Farmington Youth Basketball Association is registered as a tax-exempt nonprofit (EIN: 10612697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Farmington Youth Basketball Association a good charity?
Yes, Farmington Youth Basketball Association appears to be a good charity. It demonstrates strong financial health with consistent assets and zero liabilities, operates with 0% officer compensation, and has a clear history of program delivery.
How does the organization manage its leadership costs?
The organization manages its leadership costs exceptionally well, reporting 0% officer compensation in all filings, indicating a volunteer-led structure that minimizes administrative overhead.
What is the trend in the organization's financial stability?
Farmington Youth Basketball Association shows a stable financial trend. While there are minor fluctuations in revenue and expenses, assets have consistently been maintained, and liabilities have remained at $0 across all reported periods.
Filing History
IRS 990 filing history for Farmington Youth Basketball Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Farmington Youth Basketball Association's revenue has grown by 148.3%, moving from $124K to $308K. Total assets increased by 110.2% over the same period, from $48K to $101K. Total functional expenses rose by 139.4%, from $134K to $321K. In its most recent filing year (2022), Farmington Youth Basketball Association reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $308K | $321K | $101K | $0 | — | View 990 |
| 2020 | $325K | $369K | $93K | $0 | — | View 990 |
| 2019 | $383K | $370K | $137K | $0 | — | View 990 |
| 2018 | $357K | $348K | $125K | $0 | — | View 990 |
| 2017 | $314K | $302K | $122K | $0 | — | View 990 |
| 2016 | $275K | $207K | $104K | $0 | — | View 990 |
| 2015 | $161K | $168K | $36K | $0 | — | View 990 |
| 2014 | $199K | $192K | $43K | $0 | — | View 990 |
| 2013 | $157K | $163K | $36K | $0 | — | View 990 |
| 2012 | $143K | $140K | $42K | $0 | — | View 990 |
| 2011 | $124K | $134K | $48K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $308K, expenses of $321K, and assets of $101K (revenue -5.1% year-over-year).
- 2020: Revenue of $325K, expenses of $369K, and assets of $93K (revenue -15.1% year-over-year).
- 2019: Revenue of $383K, expenses of $370K, and assets of $137K (revenue +7.1% year-over-year).
- 2018: Revenue of $357K, expenses of $348K, and assets of $125K (revenue +13.9% year-over-year).
- 2017: Revenue of $314K, expenses of $302K, and assets of $122K (revenue +14.0% year-over-year).
- 2016: Revenue of $275K, expenses of $207K, and assets of $104K (revenue +71.0% year-over-year).
- 2015: Revenue of $161K, expenses of $168K, and assets of $36K (revenue -19.3% year-over-year).
- 2014: Revenue of $199K, expenses of $192K, and assets of $43K (revenue +26.9% year-over-year).
- 2013: Revenue of $157K, expenses of $163K, and assets of $36K (revenue +9.7% year-over-year).
- 2012: Revenue of $143K, expenses of $140K, and assets of $42K (revenue +15.3% year-over-year).
- 2011: Revenue of $124K, expenses of $134K, and assets of $48K.
Data Sources and Methodology
This transparency report for Farmington Youth Basketball Association 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.