Heirloom Farmers Markets Inc
EIN: 463227755 · Tucson, AZ · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $701K |
| Total Expenses | $629K |
| Net Assets | $399K |
Is Heirloom Farmers Markets Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heirloom Farmers Markets Inc
Heirloom Farmers Markets Inc (EIN: 463227755) is a nonprofit organization based in Tucson, AZ, classified under NTEE code B90. The organization reported total revenue of $701K and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heirloom Farmers Markets Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heirloom Farmers Markets Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $738K |
| Total Expenses | $629K |
| Surplus / Deficit | +$110K |
| Total Assets | $524K |
| Total Liabilities | $125K |
| Net Assets | $399K |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 23.8% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, Heirloom Farmers Markets Inc reported a surplus of $110K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 23.8% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Heirloom Farmers Markets Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +10.9% | +16.7% |
| 2022 | +18.6% | +22.4% | +80.2% |
| 2021 | +79.0% | +17.8% | +97.9% |
| 2020 | -7.8% | -10.7% | -0.6% |
| 2019 | -12.7% | +29.1% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heirloom Farmers Markets 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 Heirloom Farmers Markets 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 $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.8%.
Frequently Asked Questions about Heirloom Farmers Markets Inc
Is Heirloom Farmers Markets Inc a legitimate charity?
Heirloom Farmers Markets Inc (EIN: 463227755) is a registered tax-exempt nonprofit based in Arizona. It has 10 years of IRS 990 filings on record. Total revenue: $701K. No red flags identified. Financial health grade: A.
How does Heirloom Farmers Markets Inc spend its money?
Heirloom Farmers Markets Inc reported $701K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heirloom Farmers Markets Inc tax-deductible?
Heirloom Farmers Markets Inc is registered as a tax-exempt nonprofit (EIN: 463227755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heirloom Farmers Markets Inc located?
Heirloom Farmers Markets Inc is headquartered in Tucson, Arizona and files with the IRS under EIN 463227755. It is classified under NTEE code B90.
How many years of IRS 990 filings does Heirloom Farmers Markets Inc have?
Heirloom Farmers Markets Inc has 10 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 $701K in total revenue.
Filing History
IRS 990 filing history for Heirloom Farmers Markets Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Heirloom Farmers Markets Inc's revenue has grown by 493.7%, moving from $124K to $738K. Total assets increased by 2891.3% over the same period, from $18K to $524K. Total functional expenses rose by 335.1%, from $144K to $629K. In its most recent filing year (2023), Heirloom Farmers Markets Inc reported a surplus of $110K, with revenue exceeding expenses. The organization holds $125K in liabilities against $524K in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $738K | $629K | $524K | $125K | — | — |
| 2022 | $726K | $567K | $449K | $159K | — | View 990 |
| 2021 | $613K | $463K | $249K | $119K | — | View 990 |
| 2020 | $342K | $393K | $126K | $146K | — | — |
| 2019 | $371K | $440K | $127K | $96K | — | View 990 |
| 2018 | $425K | $341K | $122K | $23K | — | View 990 |
| 2017 | $296K | $255K | $42K | $27K | — | View 990 |
| 2016 | $274K | $252K | $14K | $41K | — | View 990 |
| 2015 | $257K | $287K | $8K | $57K | — | View 990 |
| 2014 | $124K | $144K | $18K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $738K, expenses of $629K, and assets of $524K (revenue +1.6% year-over-year).
- 2022: Revenue of $726K, expenses of $567K, and assets of $449K (revenue +18.6% year-over-year).
- 2021: Revenue of $613K, expenses of $463K, and assets of $249K (revenue +79.0% year-over-year).
- 2020: Revenue of $342K, expenses of $393K, and assets of $126K (revenue -7.8% year-over-year).
- 2019: Revenue of $371K, expenses of $440K, and assets of $127K (revenue -12.7% year-over-year).
- 2018: Revenue of $425K, expenses of $341K, and assets of $122K (revenue +43.5% year-over-year).
- 2017: Revenue of $296K, expenses of $255K, and assets of $42K (revenue +8.2% year-over-year).
- 2016: Revenue of $274K, expenses of $252K, and assets of $14K (revenue +6.5% year-over-year).
- 2015: Revenue of $257K, expenses of $287K, and assets of $8K (revenue +106.7% year-over-year).
- 2014: Revenue of $124K, expenses of $144K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heirloom Farmers Markets Inc:
Data Sources and Methodology
This transparency report for Heirloom Farmers Markets 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.