Farms For City Kids Foundation Inc
Farms For City Kids Foundation Inc maintains strong assets despite recent operating deficit.
EIN: 113108678 · Prt Washingtn, NY · NTEE: O520 · Updated: 2026-03-28
Is Farms For City Kids Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farms For City Kids Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farms For City Kids Foundation Inc
Farms For City Kids Foundation Inc (EIN: 113108678) is a nonprofit organization based in Prt Washingtn, NY, classified under NTEE code O520. The organization reported total revenue of $3.1M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farms For City Kids Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farms For City Kids Foundation Inc is a mid-size nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-1,060,806 |
| Total Assets | $10.8M |
| Total Liabilities | $63K |
| Net Assets | $10.7M |
| Operating Margin | -48.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 40.0 months |
Financial Health Grade: B
In 2023, Farms For City Kids Foundation Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 40.0 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 (2010–2023), Farms For City Kids Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.5% | +1.6% | -3.3% |
| 2022 | -8.8% | -8.5% | -15.9% |
| 2021 | +1.2% | +4.0% | +4.4% |
| 2020 | -9.3% | -6.7% | +5.2% |
| 2019 | -4.7% | +5.9% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Farms For City Kids Foundation Inc with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Farms For City Kids Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is a strong positive for donor confidence and resource allocation.
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 Farms For City Kids Foundation Inc's IRS 990 filings:
- Significant operating deficit in the latest filing (202312) where expenses exceeded revenue by over $1 million.
Strengths
The following positive indicators were identified for Farms For City Kids Foundation Inc:
- Consistent and substantial asset base, generally over $10 million, indicating financial resilience.
- Zero reported officer compensation across all filings, demonstrating efficient use of funds and transparency.
- Long history of IRS 990 filings (14 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Farms For City Kids Foundation Inc
Is Farms For City Kids Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Farms For City Kids Foundation Inc (EIN: 113108678) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Farms For City Kids Foundation Inc spend its money?
Farms For City Kids Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farms For City Kids Foundation Inc tax-deductible?
Farms For City Kids Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113108678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Farms For City Kids Foundation Inc financially stable?
Yes, the organization appears financially stable, consistently holding over $10 million in assets. While the 202312 filing shows an operating deficit, this is not a long-term trend based on prior years' data where revenues and expenses were more balanced.
How does Farms For City Kids Foundation Inc manage executive compensation?
Farms For City Kids Foundation Inc reports 0% officer compensation in all available IRS 990 filings, indicating that no compensation is paid to its officers.
What is the trend in the organization's revenue and expenses?
Over the past decade, the organization's revenue and expenses have generally fluctuated between $3 million and $3.8 million annually. The 202312 filing shows a notable dip in revenue to $2,183,303 while expenses remained over $3.2 million, leading to a deficit for that period.
Filing History
IRS 990 filing history for Farms For City Kids Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Farms For City Kids Foundation Inc's revenue has declined by 12.7%, moving from $2.5M to $2.2M. Total assets increased by 72.7% over the same period, from $6.3M to $10.8M. Total functional expenses rose by 83.3%, from $1.8M to $3.2M. In its most recent filing year (2023), Farms For City Kids Foundation Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $63K in liabilities against $10.8M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $3.2M | $10.8M | $63K | — | — |
| 2022 | $3.0M | $3.2M | $11.2M | $122K | — | View 990 |
| 2021 | $3.3M | $3.5M | $13.3M | $420K | — | View 990 |
| 2020 | $3.3M | $3.4M | $12.7M | $150K | — | View 990 |
| 2019 | $3.6M | $3.6M | $12.1M | $140K | — | View 990 |
| 2018 | $3.8M | $3.4M | $11.4M | $175K | — | View 990 |
| 2017 | $3.3M | $3.4M | $11.6M | $171K | — | View 990 |
| 2016 | $3.4M | $3.3M | $11.2M | $98K | — | View 990 |
| 2015 | $3.3M | $3.2M | $11.0M | $134K | — | View 990 |
| 2014 | $3.0M | $3.0M | $11.0M | $116K | — | View 990 |
| 2013 | $2.8M | $2.3M | $11.0M | $96K | — | View 990 |
| 2012 | $2.3M | $2.5M | $10.1M | $81K | — | View 990 |
| 2011 | $5.8M | $1.9M | $10.1M | $68K | — | View 990 |
| 2010 | $2.5M | $1.8M | $6.3M | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $3.2M, and assets of $10.8M (revenue -27.5% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.2M, and assets of $11.2M (revenue -8.8% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.5M, and assets of $13.3M (revenue +1.2% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.4M, and assets of $12.7M (revenue -9.3% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.6M, and assets of $12.1M (revenue -4.7% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.4M, and assets of $11.4M (revenue +15.3% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.4M, and assets of $11.6M (revenue -3.8% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.3M, and assets of $11.2M (revenue +2.0% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.2M, and assets of $11.0M (revenue +11.0% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.0M, and assets of $11.0M (revenue +6.9% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.3M, and assets of $11.0M (revenue +24.7% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.5M, and assets of $10.1M (revenue -60.9% year-over-year).
- 2011: Revenue of $5.8M, expenses of $1.9M, and assets of $10.1M (revenue +130.6% year-over-year).
- 2010: Revenue of $2.5M, expenses of $1.8M, and assets of $6.3M.
Data Sources and Methodology
This transparency report for Farms For City Kids Foundation 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.