Funny Farm Early Learning Center Incorporated

Is Funny Farm Early Learning Center Incorporated Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Funny Farm Early Learning Center Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Funny Farm Early Learning Center Incorporated

Funny Farm Early Learning Center Incorporated (EIN: 200128957) is a nonprofit organization based in Portland, OR, classified under NTEE code P33. The organization reported total revenue of $275K and total assets of $354K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Funny Farm Early Learning Center Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Funny Farm Early Learning Center Incorporated is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Funny Farm Early Learning Center Incorporated reported a surplus of $48K with revenue exceeding expenses, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Funny Farm Early Learning Center Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.

IRS Tax-Exempt Classification

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 Funny Farm Early Learning Center Incorporated with a Mission Score of 90 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: 85%
• fundraising: 5%

According to IRS 990 filings, Funny Farm Early Learning Center Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $48K, with revenue exceeding expenses.
• Debt-to-asset ratio: 3.1%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization of its size with revenues consistently above $200,000, suggesting a volunteer-led executive team or compensation is covered by other means not reported as officer compensation.

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 Funny Farm Early Learning Center Incorporated's IRS 990 filings:

• Unusually low liabilities relative to assets, which could indicate conservative accounting or minimal debt financing.
• Consistent 0% officer compensation, which, while positive for efficiency, is atypical for an organization of this scale and might warrant further inquiry into how leadership is compensated or sustained.

Strengths

The following positive indicators were identified for Funny Farm Early Learning Center Incorporated:

• Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $294,303 revenue vs. $246,540 expenses in 202312).
• Significant growth in assets over time, from $60,043 in 201412 to $378,547 in 202312, indicating strong financial stewardship.
• Zero officer compensation reported across all filings, suggesting a high proportion of funds are directed towards programs and operations.
• Low liabilities relative to assets, indicating a strong balance sheet and minimal financial risk (e.g., $11,579 liabilities vs. $378,547 assets in 202312).
• Robust filing history with 13 IRS 990 filings, demonstrating consistent compliance and transparency.

Frequently Asked Questions about Funny Farm Early Learning Center Incorporated

Filing History

IRS 990 filing history for Funny Farm Early Learning Center Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Funny Farm Early Learning Center Incorporated's revenue has grown by 34.4%, moving from $219K to $294K. Total assets increased by 501.1% over the same period, from $63K to $379K. Total functional expenses rose by 24.8%, from $197K to $247K. In its most recent filing year (2023), Funny Farm Early Learning Center Incorporated reported a surplus of $48K, with revenue exceeding expenses. The organization holds $12K in liabilities against $379K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $367K.

Year-by-Year Financial Summary

• 2023: Revenue of $294K, expenses of $247K, and assets of $379K (revenue +2.1% year-over-year).
• 2022: Revenue of $288K, expenses of $272K, and assets of $331K (revenue -21.5% year-over-year).
• 2021: Revenue of $367K, expenses of $221K, and assets of $279K (revenue +90.5% year-over-year).
• 2020: Revenue of $193K, expenses of $212K, and assets of $171K (revenue -27.8% year-over-year).
• 2019: Revenue of $267K, expenses of $252K, and assets of $159K (revenue -2.0% year-over-year).
• 2018: Revenue of $273K, expenses of $233K, and assets of $156K (revenue +3.4% year-over-year).
• 2017: Revenue of $264K, expenses of $244K, and assets of $129K (revenue +7.1% year-over-year).
• 2016: Revenue of $246K, expenses of $232K, and assets of $109K (revenue +3.2% year-over-year).
• 2015: Revenue of $238K, expenses of $221K, and assets of $92K (revenue +9.5% year-over-year).
• 2014: Revenue of $218K, expenses of $210K, and assets of $60K (revenue +6.1% year-over-year).
• 2013: Revenue of $205K, expenses of $213K, and assets of $49K (revenue +0.9% year-over-year).
• 2012: Revenue of $203K, expenses of $207K, and assets of $57K (revenue -7.2% year-over-year).
• 2011: Revenue of $219K, expenses of $197K, and assets of $63K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Funny Farm Early Learning Center Incorporated:

Data Sources and Methodology

This transparency report for Funny Farm Early Learning Center Incorporated 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.