Griggs Farm Inc
Griggs Farm Inc. consistently operates with expenses exceeding revenue, drawing down assets over the past decade.
EIN: 208198080 · Princeton, NJ · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $744K |
| Total Expenses | $657K |
| Program Spending | 90% |
| Net Assets | $777K |
| Transparency Score | 85/100 |
Is Griggs Farm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Griggs Farm Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Griggs Farm Inc
Griggs Farm Inc (EIN: 208198080) is a nonprofit organization based in Princeton, NJ, classified under NTEE code L22. The organization reported total revenue of $744K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Griggs Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Griggs Farm Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $638K |
| Total Expenses | $657K |
| Surplus / Deficit | $-19,473 |
| Total Assets | $1.0M |
| Total Liabilities | $229K |
| Net Assets | $777K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 22.7% |
| Months of Reserves | 18.4 months |
Financial Health Grade: B
In 2023, Griggs Farm Inc reported a deficit of $19K with expenses exceeding revenue, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 22.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Griggs Farm Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.4% | -4.6% | +3.3% |
| 2022 | -0.6% | +6.8% | +2.4% |
| 2021 | +8.4% | +32.8% | -11.9% |
| 2020 | +4.6% | -15.7% | +4.5% |
| 2019 | +6.7% | -5.0% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Griggs Farm Inc 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, Griggs Farm Inc 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.7%.
Executive Compensation Analysis
Griggs Farm Inc. reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is a strong positive for directing resources to its mission.
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 Griggs Farm Inc's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years, e.g., $657,353 expenses vs. $637,880 revenue in 2023.
- Declining asset base over the past decade, from $1,739,649 in 2014 to $1,005,671 in 2023.
Strengths
The following positive indicators were identified for Griggs Farm Inc:
- Zero officer compensation reported across all filings, indicating strong resource allocation to mission.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
- Maintained significant asset base over $1 million, providing some financial cushion despite recent deficits.
Frequently Asked Questions about Griggs Farm Inc
Is Griggs Farm Inc a legitimate charity?
Griggs Farm Inc (EIN: 208198080) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $744K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Griggs Farm Inc spend its money?
Griggs Farm Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Griggs Farm Inc tax-deductible?
Griggs Farm Inc is registered as a tax-exempt nonprofit (EIN: 208198080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Griggs Farm Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Griggs Farm Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Griggs Farm Inc located?
Griggs Farm Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 208198080. It is classified under NTEE code L22.
How many years of IRS 990 filings does Griggs Farm Inc have?
Griggs Farm Inc 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 $744K in total revenue.
Is Griggs Farm Inc. financially sustainable given its expense-to-revenue trend?
The organization has consistently spent more than it earned in most recent years, leading to a decline in assets from $1,739,649 in 2014 to $1,005,671 in 2023. This trend suggests potential long-term sustainability challenges if not addressed.
What is the primary use of Griggs Farm Inc.'s funds?
Given the 0% officer compensation and the nature of a nonprofit, it is highly probable that the vast majority of funds are directed towards program services and essential administrative overhead, with no explicit fundraising expenses reported.
How transparent is Griggs Farm Inc. regarding its financial operations?
The consistent filing of IRS Form 990s over 13 periods, including detailed financial figures and a clear statement of 0% officer compensation, indicates a high level of transparency.
Filing History
IRS 990 filing history for Griggs Farm Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Griggs Farm Inc's revenue has grown by 36.5%, moving from $467K to $638K. Total assets decreased by 57.9% over the same period, from $2.4M to $1.0M. Total functional expenses fell by 2%, from $671K to $657K. In its most recent filing year (2023), Griggs Farm Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $229K in liabilities against $1.0M in assets (debt-to-asset ratio: 22.7%), resulting in net assets of $777K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $638K | $657K | $1.0M | $229K | — | — |
| 2022 | $640K | $689K | $973K | $177K | — | — |
| 2021 | $644K | $645K | $950K | $105K | — | View 990 |
| 2020 | $595K | $486K | $1.1M | $233K | — | View 990 |
| 2019 | $568K | $576K | $1.0M | $296K | — | View 990 |
| 2018 | $533K | $606K | $1.1M | $327K | — | View 990 |
| 2017 | $573K | $732K | $1.2M | $340K | — | View 990 |
| 2016 | $532K | $718K | $1.3M | $345K | — | View 990 |
| 2015 | $498K | $706K | $1.5M | $366K | — | View 990 |
| 2014 | $479K | $701K | $1.7M | $367K | — | View 990 |
| 2013 | $485K | $680K | $2.0M | $368K | — | View 990 |
| 2012 | $486K | $698K | $2.2M | $374K | — | View 990 |
| 2011 | $467K | $671K | $2.4M | $384K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $638K, expenses of $657K, and assets of $1.0M (revenue -0.4% year-over-year).
- 2022: Revenue of $640K, expenses of $689K, and assets of $973K (revenue -0.6% year-over-year).
- 2021: Revenue of $644K, expenses of $645K, and assets of $950K (revenue +8.4% year-over-year).
- 2020: Revenue of $595K, expenses of $486K, and assets of $1.1M (revenue +4.6% year-over-year).
- 2019: Revenue of $568K, expenses of $576K, and assets of $1.0M (revenue +6.7% year-over-year).
- 2018: Revenue of $533K, expenses of $606K, and assets of $1.1M (revenue -7.1% year-over-year).
- 2017: Revenue of $573K, expenses of $732K, and assets of $1.2M (revenue +7.8% year-over-year).
- 2016: Revenue of $532K, expenses of $718K, and assets of $1.3M (revenue +6.8% year-over-year).
- 2015: Revenue of $498K, expenses of $706K, and assets of $1.5M (revenue +4.0% year-over-year).
- 2014: Revenue of $479K, expenses of $701K, and assets of $1.7M (revenue -1.3% year-over-year).
- 2013: Revenue of $485K, expenses of $680K, and assets of $2.0M (revenue -0.2% year-over-year).
- 2012: Revenue of $486K, expenses of $698K, and assets of $2.2M (revenue +4.0% year-over-year).
- 2011: Revenue of $467K, expenses of $671K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Griggs Farm Inc:
Data Sources and Methodology
This transparency report for Griggs Farm 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.