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
| Metric | Value |
|---|---|
| Total Revenue | $218K |
| Total Expenses | $30K |
| Program Spending | 90% |
| Net Assets | $314K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Farrow Family Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Farrow Family Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Farrow Family Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $56K and expenses of $30K.
Revenue and Expenses
Farrow Family Foundation reported $56K in revenue and $30K in expenses, a surplus of $26K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $27K (90%) |
Across stored filings, Farrow Family Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Domino's Franchisee Forum | Tennessee and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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Local and Sector Spokes
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Ooltewah, TN nonprofitsPhilanthropy in Tennessee
Public Benefit in Tennessee
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
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.
Organization Overview
Farrow Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $30K |
| Surplus / Deficit | +$26K |
| Total Assets | $314K |
| Total Liabilities | $1 |
| Net Assets | $314K |
| Operating Margin | 46.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.7 months |
Financial Health Grade: A
In 2023, Farrow Family Foundation reported a surplus of $26K with revenue exceeding expenses, holds 124.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Farrow Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 26.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.9% | +10.0% | +11.8% |
| 2022 | -8.6% | -24.6% | +17.7% |
| 2021 | +96.1% | +76.2% | +20.0% |
| 2020 | -17.8% | -68.4% | +10.1% |
| 2019 | +71.5% | +113.8% | -30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
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?
Farrow Family Foundation (EIN: 201989480) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $218K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Farrow Family Foundation spend its money?
Farrow Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
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.
How does Farrow Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Farrow Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Farrow Family Foundation located?
Farrow Family Foundation is headquartered in Ooltewah, Tennessee and files with the IRS under EIN 201989480. It is classified under NTEE code T20.
How many years of IRS 990 filings does Farrow Family Foundation have?
Farrow Family Foundation 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. The most recent filing shows $218K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farrow Family Foundation:
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.