Food Co Op Initiative
EIN: 272252564 · Saint Paul, MN · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $497K |
| Total Expenses | $571K |
| Net Assets | $196K |
Is Food Co Op Initiative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Food Co Op Initiative
Food Co Op Initiative (EIN: 272252564) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code K30. The organization reported total revenue of $497K and total assets of $262K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Co Op Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Co Op Initiative is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $567K |
| Total Expenses | $571K |
| Surplus / Deficit | $-3,960 |
| Total Assets | $317K |
| Total Liabilities | $121K |
| Net Assets | $196K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 38.1% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2023, Food Co Op Initiative reported a deficit of $4K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 38.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Food Co Op Initiative's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.1% | +6.8% | +5.7% |
| 2022 | +25.6% | +13.1% | -12.9% |
| 2021 | -6.6% | +2.2% | -20.2% |
| 2020 | -24.4% | +0.6% | -15.5% |
| 2019 | +23.7% | +20.0% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Food Co Op Initiative 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 Food Co Op Initiative 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.1%.
Frequently Asked Questions about Food Co Op Initiative
Is Food Co Op Initiative a legitimate charity?
Food Co Op Initiative (EIN: 272252564) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $497K. No red flags identified. Financial health grade: B.
How does Food Co Op Initiative spend its money?
Food Co Op Initiative reported $497K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Food Co Op Initiative tax-deductible?
Food Co Op Initiative is registered as a tax-exempt nonprofit (EIN: 272252564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Food Co Op Initiative located?
Food Co Op Initiative is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 272252564. It is classified under NTEE code K30.
How many years of IRS 990 filings does Food Co Op Initiative have?
Food Co Op Initiative has 13 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 $497K in total revenue.
Filing History
IRS 990 filing history for Food Co Op Initiative showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Food Co Op Initiative's revenue has grown by 40.2%, moving from $405K to $567K. Total assets decreased by 64.6% over the same period, from $897K to $317K. Total functional expenses rose by 105.8%, from $277K to $571K. In its most recent filing year (2023), Food Co Op Initiative reported a deficit of $4K, with expenses exceeding revenue. The organization holds $121K in liabilities against $317K in assets (debt-to-asset ratio: 38.1%), resulting in net assets of $196K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $567K | $571K | $317K | $121K | — | — |
| 2022 | $493K | $535K | $300K | $100K | — | View 990 |
| 2021 | $392K | $473K | $344K | $102K | — | View 990 |
| 2020 | $420K | $462K | $431K | $108K | — | View 990 |
| 2019 | $556K | $460K | $511K | $145K | — | View 990 |
| 2018 | $450K | $383K | $448K | $178K | — | View 990 |
| 2017 | $388K | $502K | $457K | $254K | — | View 990 |
| 2016 | $463K | $569K | $550K | $233K | — | View 990 |
| 2015 | $340K | $458K | $618K | $195K | — | View 990 |
| 2014 | $527K | $350K | $735K | $136K | — | View 990 |
| 2013 | $352K | $424K | $894K | $165K | — | View 990 |
| 2012 | $202K | $416K | $991K | $192K | — | View 990 |
| 2011 | $405K | $277K | $897K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $567K, expenses of $571K, and assets of $317K (revenue +15.1% year-over-year).
- 2022: Revenue of $493K, expenses of $535K, and assets of $300K (revenue +25.6% year-over-year).
- 2021: Revenue of $392K, expenses of $473K, and assets of $344K (revenue -6.6% year-over-year).
- 2020: Revenue of $420K, expenses of $462K, and assets of $431K (revenue -24.4% year-over-year).
- 2019: Revenue of $556K, expenses of $460K, and assets of $511K (revenue +23.7% year-over-year).
- 2018: Revenue of $450K, expenses of $383K, and assets of $448K (revenue +16.0% year-over-year).
- 2017: Revenue of $388K, expenses of $502K, and assets of $457K (revenue -16.3% year-over-year).
- 2016: Revenue of $463K, expenses of $569K, and assets of $550K (revenue +36.1% year-over-year).
- 2015: Revenue of $340K, expenses of $458K, and assets of $618K (revenue -35.4% year-over-year).
- 2014: Revenue of $527K, expenses of $350K, and assets of $735K (revenue +49.6% year-over-year).
- 2013: Revenue of $352K, expenses of $424K, and assets of $894K (revenue +74.8% year-over-year).
- 2012: Revenue of $202K, expenses of $416K, and assets of $991K (revenue -50.1% year-over-year).
- 2011: Revenue of $405K, expenses of $277K, and assets of $897K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Co Op Initiative:
Data Sources and Methodology
This transparency report for Food Co Op Initiative 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.