Farrow Family Foundation
Farrow Family Foundation shows consistent asset growth and no officer compensation over a decade of operations.
EIN: 201989480 · Ooltewah, TN · NTEE: T20 · Updated: 2026-03-28
Is Farrow Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farrow Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farrow Family Foundation
Farrow Family Foundation (EIN: 201989480) is a nonprofit organization based in Ooltewah, TN, classified under NTEE code T20. The organization reported total revenue of $218K and total assets of $354K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farrow Family Foundation'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 Farrow Family Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Farrow Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive sign for 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 Farrow Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting granular efficiency analysis.
Strengths
The following positive indicators were identified for Farrow Family Foundation:
- Consistent asset growth, from $180,407 in 2019 to $313,512 in 2023, indicating financial stability.
- Zero officer compensation reported across all available filings, suggesting high efficiency in resource allocation.
- Revenue consistently exceeding expenses in recent years (e.g., $56,376 revenue vs. $30,166 expenses in 2023).
- Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency.
Frequently Asked Questions about Farrow Family Foundation
Is Farrow Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Farrow Family Foundation (EIN: 201989480) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Farrow Family Foundation spend its money?
Farrow Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farrow Family Foundation tax-deductible?
Farrow Family Foundation is registered as a tax-exempt nonprofit (EIN: 201989480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Farrow Family Foundation a good charity?
Based on the available data, Farrow Family Foundation appears to be a well-managed organization with no officer compensation and consistent asset growth. Their financial health is stable, and they demonstrate transparency through regular IRS filings. However, without detailed program expense breakdowns, it's hard to fully assess their impact.
What is the trend in Farrow Family Foundation's assets?
The Farrow Family Foundation has shown a positive trend in assets, growing from $180,407 in 2019 to $313,512 in 2023, indicating financial stability and growth.
How does Farrow Family Foundation manage its expenses relative to revenue?
For the most recent periods (2020-2023), Farrow Family Foundation's revenue has consistently exceeded its expenses, for example, $56,376 revenue against $30,166 expenses in 2023, suggesting sound financial management and an ability to build reserves.
Filing History
IRS 990 filing history for Farrow Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Farrow Family Foundation's revenue has grown by 1500.7%, moving from $4K to $56K. Total assets increased by 18.1% over the same period, from $266K to $314K. Total functional expenses fell by 17.9%, from $37K to $30K. In its most recent filing year (2023), Farrow Family Foundation reported a surplus of $26K, with revenue exceeding expenses. The organization holds $1 in liabilities against $314K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $314K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $30K | $314K | $1 | — | — |
| 2022 | $70K | $27K | $280K | $1 | — | — |
| 2021 | $76K | $36K | $238K | $1 | — | — |
| 2020 | $39K | $21K | $199K | $1 | — | — |
| 2019 | $47K | $65K | $180K | $0 | — | View 990 |
| 2015 | $28K | $31K | $260K | $0 | — | View 990 |
| 2014 | $41K | $7K | $263K | $0 | — | View 990 |
| 2013 | $37K | $51K | $229K | $0 | — | View 990 |
| 2012 | $3K | $26K | $243K | $0 | — | View 990 |
| 2011 | $4K | $37K | $266K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $30K, and assets of $314K (revenue -18.9% year-over-year).
- 2022: Revenue of $70K, expenses of $27K, and assets of $280K (revenue -8.6% year-over-year).
- 2021: Revenue of $76K, expenses of $36K, and assets of $238K (revenue +96.1% year-over-year).
- 2020: Revenue of $39K, expenses of $21K, and assets of $199K (revenue -17.8% year-over-year).
- 2019: Revenue of $47K, expenses of $65K, and assets of $180K (revenue +71.5% year-over-year).
- 2015: Revenue of $28K, expenses of $31K, and assets of $260K (revenue -32.1% year-over-year).
- 2014: Revenue of $41K, expenses of $7K, and assets of $263K (revenue +10.4% year-over-year).
- 2013: Revenue of $37K, expenses of $51K, and assets of $229K (revenue +1004.9% year-over-year).
- 2012: Revenue of $3K, expenses of $26K, and assets of $243K (revenue -5.7% year-over-year).
- 2011: Revenue of $4K, expenses of $37K, and assets of $266K.
Data Sources and Methodology
This transparency report for Farrow Family Foundation 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.