Greensboro Farmers Market Inc
EIN: 453819685 · Greensboro, NC · NTEE: K20
| Metric | Value |
|---|---|
| Total Revenue | $198K |
| Total Expenses | $168K |
| Net Assets | $140K |
Is Greensboro Farmers Market Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greensboro Farmers Market Inc
Greensboro Farmers Market Inc (EIN: 453819685) is a nonprofit organization based in Greensboro, NC, classified under NTEE code K20. The organization reported total revenue of $198K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greensboro Farmers Market Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greensboro Farmers Market Inc is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $168K |
| Surplus / Deficit | $-36,686 |
| Total Assets | $180K |
| Total Liabilities | $40K |
| Net Assets | $140K |
| Operating Margin | -28.0% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 12.9 months |
Financial Health Grade: B
In 2024, Greensboro Farmers Market Inc reported a deficit of $37K with expenses exceeding revenue, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2013–2024), Greensboro Farmers Market Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -40.9% | -24.4% | -20.6% |
| 2023 | +51.1% | -3.9% | +17.7% |
| 2022 | -41.8% | +20.3% | -30.2% |
| 2021 | -6.9% | -18.9% | +13.1% |
| 2020 | -18.5% | -0.9% | +27.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greensboro Farmers Market 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 Greensboro Farmers Market 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Frequently Asked Questions about Greensboro Farmers Market Inc
Is Greensboro Farmers Market Inc a legitimate charity?
Greensboro Farmers Market Inc (EIN: 453819685) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $198K. No red flags identified. Financial health grade: B.
How does Greensboro Farmers Market Inc spend its money?
Greensboro Farmers Market Inc reported $198K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greensboro Farmers Market Inc tax-deductible?
Greensboro Farmers Market Inc is registered as a tax-exempt nonprofit (EIN: 453819685). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greensboro Farmers Market Inc located?
Greensboro Farmers Market Inc is headquartered in Greensboro, North Carolina and files with the IRS under EIN 453819685. It is classified under NTEE code K20.
How many years of IRS 990 filings does Greensboro Farmers Market Inc have?
Greensboro Farmers Market Inc has 12 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 $198K in total revenue.
Filing History
IRS 990 filing history for Greensboro Farmers Market Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Greensboro Farmers Market Inc's revenue has grown by 29.4%, moving from $101K to $131K. Total assets increased by 421.7% over the same period, from $35K to $180K. Total functional expenses rose by 98%, from $85K to $168K. In its most recent filing year (2024), Greensboro Farmers Market Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $40K in liabilities against $180K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $131K | $168K | $180K | $40K | — | — |
| 2023 | $222K | $222K | $227K | $51K | — | View 990 |
| 2022 | $147K | $231K | $193K | $16K | — | View 990 |
| 2021 | $252K | $192K | $276K | $16K | — | View 990 |
| 2020 | $271K | $237K | $244K | $44K | — | View 990 |
| 2019 | $333K | $239K | $191K | $26K | — | View 990 |
| 2018 | $226K | $217K | $93K | $21K | — | View 990 |
| 2017 | $196K | $186K | $84K | $22K | — | View 990 |
| 2016 | $137K | $134K | $66K | $0 | — | View 990 |
| 2015 | $147K | $113K | $63K | $0 | — | View 990 |
| 2014 | $115K | $117K | $34K | $0 | — | View 990 |
| 2013 | $101K | $85K | $35K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $131K, expenses of $168K, and assets of $180K (revenue -40.9% year-over-year).
- 2023: Revenue of $222K, expenses of $222K, and assets of $227K (revenue +51.1% year-over-year).
- 2022: Revenue of $147K, expenses of $231K, and assets of $193K (revenue -41.8% year-over-year).
- 2021: Revenue of $252K, expenses of $192K, and assets of $276K (revenue -6.9% year-over-year).
- 2020: Revenue of $271K, expenses of $237K, and assets of $244K (revenue -18.5% year-over-year).
- 2019: Revenue of $333K, expenses of $239K, and assets of $191K (revenue +47.1% year-over-year).
- 2018: Revenue of $226K, expenses of $217K, and assets of $93K (revenue +15.5% year-over-year).
- 2017: Revenue of $196K, expenses of $186K, and assets of $84K (revenue +43.2% year-over-year).
- 2016: Revenue of $137K, expenses of $134K, and assets of $66K (revenue -7.2% year-over-year).
- 2015: Revenue of $147K, expenses of $113K, and assets of $63K (revenue +28.2% year-over-year).
- 2014: Revenue of $115K, expenses of $117K, and assets of $34K (revenue +13.4% year-over-year).
- 2013: Revenue of $101K, expenses of $85K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greensboro Farmers Market Inc:
Data Sources and Methodology
This transparency report for Greensboro Farmers Market 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.