Farnam Senior Community Center
EIN: 470759424 · Farnam, NE
| Metric | Value |
|---|---|
| Total Expenses | $41K |
| Net Assets | $44K |
Is Farnam Senior Community Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Farnam Senior Community Center
Farnam Senior Community Center (EIN: 470759424) is a nonprofit organization based in Farnam, NE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farnam Senior Community Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farnam Senior Community Center is a micro nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $41K |
| Surplus / Deficit | $-5,424 |
| Total Assets | $44K |
| Net Assets | $44K |
| Operating Margin | -15.1% |
| Months of Reserves | 12.8 months |
Financial Health Grade: B
In 2022, Farnam Senior Community Center reported a deficit of $5K with expenses exceeding revenue, holds 12.8 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2012–2022), Farnam Senior Community Center's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -1.2% | -4.2% | +3.3% |
| 2021 | +1.2% | +0.6% | -13.7% |
| 2020 | +1.8% | +11.2% | -12.4% |
| 2019 | -20.2% | +1.7% | -8.0% |
| 2017 | +7.6% | +4.2% | +11.3% |
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 Analysis Pending
AI enrichment for Farnam Senior Community Center 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 Farnam Senior Community Center 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Farnam Senior Community Center
Is Farnam Senior Community Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Farnam Senior Community Center (EIN: 470759424) insufficient data. 0 red flags identified, 0 strengths noted.
How does Farnam Senior Community Center spend its money?
Detailed spending breakdown data is not yet available for Farnam Senior Community Center. Check back for updated IRS 990 analysis.
Are donations to Farnam Senior Community Center tax-deductible?
Farnam Senior Community Center is registered as a tax-exempt nonprofit (EIN: 470759424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Farnam Senior Community Center located?
Farnam Senior Community Center is headquartered in Farnam, Nebraska and files with the IRS under EIN 470759424.
How many years of IRS 990 filings does Farnam Senior Community Center have?
Farnam Senior Community Center has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Farnam Senior Community Center showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2022), Farnam Senior Community Center's revenue has declined by 9.7%, moving from $40K to $36K. Total assets decreased by 4.2% over the same period, from $46K to $44K. Total functional expenses rose by 19.3%, from $35K to $41K. In its most recent filing year (2022), Farnam Senior Community Center reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $36K | $41K | $44K | $0 | — | — |
| 2021 | $36K | $43K | $43K | $0 | — | — |
| 2020 | $36K | $43K | $50K | $0 | — | — |
| 2019 | $35K | $39K | $57K | $0 | — | View 990 |
| 2017 | $44K | $38K | $61K | $0 | — | View 990 |
| 2016 | $41K | $36K | $55K | $0 | — | View 990 |
| 2015 | $38K | $44K | $51K | $0 | — | View 990 |
| 2014 | $39K | $36K | $57K | $0 | — | View 990 |
| 2013 | $41K | $33K | $55K | $0 | — | View 990 |
| 2012 | $40K | $35K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $36K, expenses of $41K, and assets of $44K (revenue -1.2% year-over-year).
- 2021: Revenue of $36K, expenses of $43K, and assets of $43K (revenue +1.2% year-over-year).
- 2020: Revenue of $36K, expenses of $43K, and assets of $50K (revenue +1.8% year-over-year).
- 2019: Revenue of $35K, expenses of $39K, and assets of $57K (revenue -20.2% year-over-year).
- 2017: Revenue of $44K, expenses of $38K, and assets of $61K (revenue +7.6% year-over-year).
- 2016: Revenue of $41K, expenses of $36K, and assets of $55K (revenue +9.0% year-over-year).
- 2015: Revenue of $38K, expenses of $44K, and assets of $51K (revenue -4.3% year-over-year).
- 2014: Revenue of $39K, expenses of $36K, and assets of $57K (revenue -5.0% year-over-year).
- 2013: Revenue of $41K, expenses of $33K, and assets of $55K (revenue +4.2% year-over-year).
- 2012: Revenue of $40K, expenses of $35K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farnam Senior Community Center:
Data Sources and Methodology
This transparency report for Farnam Senior Community Center 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.