Gaston County Farm Bureau Inc
EIN: 560769551 · Dallas, NC
Is Gaston County Farm Bureau Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gaston County Farm Bureau Inc
Gaston County Farm Bureau Inc (EIN: 560769551) is a nonprofit organization based in Dallas, NC. The organization reported total revenue of $482K and total assets of $940K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gaston County Farm Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gaston County Farm Bureau Inc is a small nonprofit that has been operating for 62 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $290K |
| Total Expenses | $255K |
| Surplus / Deficit | +$35K |
| Total Assets | $925K |
| Net Assets | $925K |
| Operating Margin | 12.1% |
| Months of Reserves | 43.6 months |
Financial Health Grade: A
In 2023, Gaston County Farm Bureau Inc reported a surplus of $35K with revenue exceeding expenses, holds 43.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Gaston County Farm Bureau Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.7% | +1.2% | +3.9% |
| 2022 | +2.6% | +4.5% | +2.0% |
| 2021 | -1.7% | +4.1% | +2.5% |
| 2020 | +40.7% | -3.3% | +4.3% |
| 2019 | -20.7% | +1.9% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gaston County Farm Bureau Inc 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 Gaston County Farm Bureau Inc 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 surplus of $35K, with revenue exceeding expenses.
Frequently Asked Questions about Gaston County Farm Bureau Inc
Is Gaston County Farm Bureau Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gaston County Farm Bureau Inc (EIN: 560769551) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gaston County Farm Bureau Inc spend its money?
Detailed spending breakdown data is not yet available for Gaston County Farm Bureau Inc. Check back for updated IRS 990 analysis.
Are donations to Gaston County Farm Bureau Inc tax-deductible?
Gaston County Farm Bureau Inc is registered as a tax-exempt nonprofit (EIN: 560769551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Gaston County Farm Bureau Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Gaston County Farm Bureau Inc's revenue has declined by 8.9%, moving from $318K to $290K. Total assets increased by 49.5% over the same period, from $619K to $925K. Total functional expenses fell by 3.8%, from $265K to $255K. In its most recent filing year (2023), Gaston County Farm Bureau Inc reported a surplus of $35K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $290K | $255K | $925K | $0 | — | — |
| 2022 | $269K | $251K | $890K | $72 | — | View 990 |
| 2021 | $262K | $241K | $873K | $0 | — | View 990 |
| 2020 | $266K | $231K | $852K | $0 | — | — |
| 2019 | $189K | $239K | $817K | $0 | — | View 990 |
| 2018 | $239K | $235K | $866K | $0 | — | View 990 |
| 2017 | $227K | $211K | $862K | $0 | — | View 990 |
| 2016 | $249K | $207K | $846K | $0 | — | View 990 |
| 2015 | $246K | $193K | $805K | $0 | — | View 990 |
| 2014 | $240K | $188K | $752K | $0 | — | View 990 |
| 2013 | $212K | $200K | $699K | $0 | — | View 990 |
| 2012 | $219K | $187K | $687K | $0 | — | View 990 |
| 2011 | $296K | $245K | $655K | $0 | — | View 990 |
| 2010 | $318K | $265K | $619K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $290K, expenses of $255K, and assets of $925K (revenue +7.7% year-over-year).
- 2022: Revenue of $269K, expenses of $251K, and assets of $890K (revenue +2.6% year-over-year).
- 2021: Revenue of $262K, expenses of $241K, and assets of $873K (revenue -1.7% year-over-year).
- 2020: Revenue of $266K, expenses of $231K, and assets of $852K (revenue +40.7% year-over-year).
- 2019: Revenue of $189K, expenses of $239K, and assets of $817K (revenue -20.7% year-over-year).
- 2018: Revenue of $239K, expenses of $235K, and assets of $866K (revenue +5.1% year-over-year).
- 2017: Revenue of $227K, expenses of $211K, and assets of $862K (revenue -8.6% year-over-year).
- 2016: Revenue of $249K, expenses of $207K, and assets of $846K (revenue +1.0% year-over-year).
- 2015: Revenue of $246K, expenses of $193K, and assets of $805K (revenue +2.4% year-over-year).
- 2014: Revenue of $240K, expenses of $188K, and assets of $752K (revenue +13.5% year-over-year).
- 2013: Revenue of $212K, expenses of $200K, and assets of $699K (revenue -3.5% year-over-year).
- 2012: Revenue of $219K, expenses of $187K, and assets of $687K (revenue -25.8% year-over-year).
- 2011: Revenue of $296K, expenses of $245K, and assets of $655K (revenue -7.0% year-over-year).
- 2010: Revenue of $318K, expenses of $265K, and assets of $619K.
Data Sources and Methodology
This transparency report for Gaston County Farm Bureau Inc 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.