Farmsteads Of New England Inc
Farmsteads Of New England Inc shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 20517433 · Hillsborough, NH · NTEE: F33 · Updated: 2026-03-28
Is Farmsteads Of New England Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farmsteads Of New England Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farmsteads Of New England Inc
Farmsteads Of New England Inc (EIN: 20517433) is a nonprofit organization based in Hillsborough, NH, classified under NTEE code F33. The organization reported total revenue of $6.3M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmsteads Of New England Inc'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 Farmsteads Of New England 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Farmsteads Of New England Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual revenues exceeding $4 million. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, warranting further inquiry for complete transparency.
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 Farmsteads Of New England Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and revenue, potentially indicating a lack of transparency in executive remuneration.
- Growing liabilities alongside assets, requiring careful monitoring to ensure long-term financial stability.
Strengths
The following positive indicators were identified for Farmsteads Of New England Inc:
- Consistent revenue growth over the past decade, indicating strong financial health and donor support.
- High program spending efficiency, with expenses closely tracking revenue, suggesting effective use of funds for its mission.
- Healthy asset growth, reaching $2,862,743 in 2023, enhancing the organization's financial capacity.
- Positive net income in recent years (e.g., $143,249 in 2023), contributing to reserves and sustainability.
Frequently Asked Questions about Farmsteads Of New England Inc
Is Farmsteads Of New England Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmsteads Of New England Inc (EIN: 20517433) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Farmsteads Of New England Inc spend its money?
Farmsteads Of New England Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farmsteads Of New England Inc tax-deductible?
Farmsteads Of New England Inc is registered as a tax-exempt nonprofit (EIN: 20517433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Farmsteads Of New England Inc manage its executive leadership without reporting any officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean executive roles are entirely volunteer-based, or compensation is reported under other expense categories, which would require deeper investigation into their financial statements for clarity.
What is the organization's long-term strategy for managing its growing liabilities?
While assets have grown, liabilities have also increased, reaching $1,669,670 in 2023. The organization should clearly articulate its strategy for managing these liabilities relative to its asset growth and operational cash flow.
What specific programs does Farmsteads Of New England Inc fund with its substantial program spending?
With expenses closely matching revenue (e.g., $4,301,488 in expenses against $4,444,737 in revenue in 2023), the organization appears to dedicate a large portion to its mission. Details on specific programs would provide greater insight into its impact.
Filing History
IRS 990 filing history for Farmsteads Of New England Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Farmsteads Of New England Inc's revenue has grown by 124.6%, moving from $2.0M to $4.4M. Total assets increased by 122.1% over the same period, from $1.3M to $2.9M. Total functional expenses rose by 164.1%, from $1.6M to $4.3M. In its most recent filing year (2023), Farmsteads Of New England Inc reported a surplus of $143K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $2.9M in assets (debt-to-asset ratio: 58.3%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.3M | $2.9M | $1.7M | — | — |
| 2022 | $3.6M | $3.6M | $2.8M | $1.7M | — | View 990 |
| 2021 | $4.2M | $3.4M | $2.7M | $1.7M | — | — |
| 2020 | $3.5M | $3.2M | $2.4M | $2.2M | — | View 990 |
| 2019 | $3.0M | $2.9M | $1.8M | $1.8M | — | View 990 |
| 2018 | $3.0M | $2.9M | $1.8M | $1.8M | — | View 990 |
| 2017 | $2.6M | $2.6M | $1.3M | $1.4M | — | View 990 |
| 2016 | $2.4M | $2.4M | $1.3M | $1.5M | — | View 990 |
| 2015 | $2.3M | $2.3M | $1.3M | $1.5M | — | View 990 |
| 2014 | $2.2M | $2.3M | $1.2M | $1.5M | — | View 990 |
| 2013 | $2.4M | $2.3M | $1.3M | $1.5M | — | View 990 |
| 2012 | $2.2M | $2.2M | $1.2M | $1.5M | — | View 990 |
| 2011 | $2.0M | $1.6M | $1.3M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.3M, and assets of $2.9M (revenue +23.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.6M, and assets of $2.8M (revenue -14.1% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.4M, and assets of $2.7M (revenue +21.7% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.2M, and assets of $2.4M (revenue +15.6% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.9M, and assets of $1.8M (revenue -0.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.9M, and assets of $1.8M (revenue +14.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $1.3M (revenue +7.9% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.4M, and assets of $1.3M (revenue +3.9% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $1.3M (revenue +6.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.3M, and assets of $1.2M (revenue -7.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.3M, and assets of $1.3M (revenue +8.5% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $1.2M (revenue +10.7% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.6M, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Farmsteads Of New England 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.