Grundy County Food Bank
EIN: 581680985 · Coalmont, TN · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $83K |
| Net Assets | $145K |
Is Grundy County Food Bank Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grundy County Food Bank
Grundy County Food Bank (EIN: 581680985) is a nonprofit organization based in Coalmont, TN, classified under NTEE code K31. The organization reported total revenue of $72K and total assets of $150K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grundy County Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grundy County Food Bank is a micro nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $83K |
| Surplus / Deficit | $-5,943 |
| Total Assets | $149K |
| Total Liabilities | $4K |
| Net Assets | $145K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 21.6 months |
Financial Health Grade: B
In 2023, Grundy County Food Bank reported a deficit of $6K with expenses exceeding revenue, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Grundy County Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.9% | -8.3% | -6.7% |
| 2022 | +37.3% | +38.8% | +43.7% |
| 2021 | +43.5% | +61.8% | +37.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grundy County Food Bank 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 Grundy County Food Bank 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 $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Frequently Asked Questions about Grundy County Food Bank
Is Grundy County Food Bank a legitimate charity?
Based on AI analysis of IRS 990 filings, Grundy County Food Bank (EIN: 581680985) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grundy County Food Bank spend its money?
Detailed spending breakdown data is not yet available for Grundy County Food Bank. Check back for updated IRS 990 analysis.
Are donations to Grundy County Food Bank tax-deductible?
Grundy County Food Bank is registered as a tax-exempt nonprofit (EIN: 581680985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grundy County Food Bank located?
Grundy County Food Bank is headquartered in Coalmont, Tennessee and files with the IRS under EIN 581680985. It is classified under NTEE code K31.
How many years of IRS 990 filings does Grundy County Food Bank have?
Grundy County Food Bank has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $72K in total revenue.
Filing History
IRS 990 filing history for Grundy County Food Bank showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Grundy County Food Bank's revenue has grown by 14.4%, moving from $67K to $77K. Total assets increased by 83.6% over the same period, from $81K to $149K. Total functional expenses rose by 105.9%, from $40K to $83K. In its most recent filing year (2023), Grundy County Food Bank reported a deficit of $6K, with expenses exceeding revenue. The organization holds $4K in liabilities against $149K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $83K | $149K | $4K | — | View 990 |
| 2022 | $132K | $90K | $159K | $8K | — | View 990 |
| 2021 | $96K | $65K | $111K | $2K | — | — |
| 2020 | $67K | $40K | $81K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $83K, and assets of $149K (revenue -41.9% year-over-year).
- 2022: Revenue of $132K, expenses of $90K, and assets of $159K (revenue +37.3% year-over-year).
- 2021: Revenue of $96K, expenses of $65K, and assets of $111K (revenue +43.5% year-over-year).
- 2020: Revenue of $67K, expenses of $40K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grundy County Food Bank:
Data Sources and Methodology
This transparency report for Grundy County Food Bank 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.