Historic Lewes Farmers Marketsociety
Historic Lewes Farmers Marketsociety experiences significant revenue growth and maintains zero officer compensation.
EIN: 204131598 · Nassau, DE · NTEE: B60 · Updated: 2026-03-28
Is Historic Lewes Farmers Marketsociety Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Historic Lewes Farmers Marketsociety directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Historic Lewes Farmers Marketsociety
Historic Lewes Farmers Marketsociety (EIN: 204131598) is a nonprofit organization based in Nassau, DE, classified under NTEE code B60. The organization reported total revenue of $641K and total assets of $522K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Lewes Farmers Marketsociety's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Lewes Farmers Marketsociety 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 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $708K |
| Total Expenses | $459K |
| Surplus / Deficit | +$248K |
| Total Assets | $496K |
| Total Liabilities | $8K |
| Net Assets | $489K |
| Operating Margin | 35.1% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Historic Lewes Farmers Marketsociety reported a surplus of $248K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Historic Lewes Farmers Marketsociety's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +182.8% | +144.3% | +103.2% |
| 2022 | +13.2% | +29.0% | +36.3% |
| 2021 | +42.3% | +25.9% | +80.0% |
| 2020 | +10.5% | -10.1% | +69.7% |
| 2019 | +10.5% | -4.1% | +24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| 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 Historic Lewes Farmers Marketsociety with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Historic Lewes Farmers Marketsociety allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $248K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with recent revenues exceeding $700,000.
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.
Strengths
The following positive indicators were identified for Historic Lewes Farmers Marketsociety:
- Significant revenue growth, especially from $250,311 in 2022 to $707,806 in 2023.
- Consistent 0% officer compensation across all 13 filings, indicating efficient use of funds.
- Strong asset accumulation, growing from $51,171 in 2015 to $496,485 in 2023.
- Expenses consistently lower than revenue in recent years, demonstrating sound financial management (e.g., $459,398 expenses vs. $707,806 revenue in 2023).
- Consistent IRS 990 filing history over 13 periods, indicating transparency and compliance.
Frequently Asked Questions about Historic Lewes Farmers Marketsociety
Is Historic Lewes Farmers Marketsociety a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Lewes Farmers Marketsociety (EIN: 204131598) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Historic Lewes Farmers Marketsociety spend its money?
Historic Lewes Farmers Marketsociety directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Historic Lewes Farmers Marketsociety tax-deductible?
Historic Lewes Farmers Marketsociety is registered as a tax-exempt nonprofit (EIN: 204131598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Historic Lewes Farmers Marketsociety a good charity?
Based on the provided financial data, Historic Lewes Farmers Marketsociety appears to be a very good charity. It demonstrates strong financial growth, prudent expense management (expenses of $459,398 against revenue of $707,806 in 2023), and a commitment to its mission by having 0% officer compensation.
How has the organization's revenue changed over time?
The organization has shown remarkable revenue growth, increasing from $80,593 in 2015 to $707,806 in 2023, with a particularly sharp increase in the most recent period.
What is the organization's asset growth like?
Assets have grown substantially, from $51,171 in 2015 to $496,485 in 2023, indicating strong financial health and accumulation of resources.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all 13 available IRS 990 filings, suggesting a volunteer-led structure.
Filing History
IRS 990 filing history for Historic Lewes Farmers Marketsociety showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Historic Lewes Farmers Marketsociety's revenue has grown by 1372.6%, moving from $48K to $708K. Total assets increased by 2718.2% over the same period, from $18K to $496K. Total functional expenses rose by 666.4%, from $60K to $459K. In its most recent filing year (2023), Historic Lewes Farmers Marketsociety reported a surplus of $248K, with revenue exceeding expenses. The organization holds $8K in liabilities against $496K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $489K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $708K | $459K | $496K | $8K | — | View 990 |
| 2022 | $250K | $188K | $244K | $9K | — | View 990 |
| 2021 | $221K | $146K | $179K | $6K | — | View 990 |
| 2020 | $155K | $116K | $100K | $1K | — | View 990 |
| 2019 | $141K | $129K | $59K | $0 | — | View 990 |
| 2018 | $127K | $134K | $47K | $206 | — | View 990 |
| 2017 | $152K | $134K | $56K | $2K | — | View 990 |
| 2016 | $98K | $112K | $39K | $2K | — | View 990 |
| 2015 | $81K | $90K | $51K | $759 | — | View 990 |
| 2014 | $98K | $87K | $61K | $1K | — | View 990 |
| 2013 | $74K | $69K | $49K | $630 | — | View 990 |
| 2012 | $100K | $73K | $44K | $315 | — | View 990 |
| 2011 | $48K | $60K | $18K | $315 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $708K, expenses of $459K, and assets of $496K (revenue +182.8% year-over-year).
- 2022: Revenue of $250K, expenses of $188K, and assets of $244K (revenue +13.2% year-over-year).
- 2021: Revenue of $221K, expenses of $146K, and assets of $179K (revenue +42.3% year-over-year).
- 2020: Revenue of $155K, expenses of $116K, and assets of $100K (revenue +10.5% year-over-year).
- 2019: Revenue of $141K, expenses of $129K, and assets of $59K (revenue +10.5% year-over-year).
- 2018: Revenue of $127K, expenses of $134K, and assets of $47K (revenue -16.1% year-over-year).
- 2017: Revenue of $152K, expenses of $134K, and assets of $56K (revenue +54.5% year-over-year).
- 2016: Revenue of $98K, expenses of $112K, and assets of $39K (revenue +21.8% year-over-year).
- 2015: Revenue of $81K, expenses of $90K, and assets of $51K (revenue -18.2% year-over-year).
- 2014: Revenue of $98K, expenses of $87K, and assets of $61K (revenue +33.1% year-over-year).
- 2013: Revenue of $74K, expenses of $69K, and assets of $49K (revenue -25.9% year-over-year).
- 2012: Revenue of $100K, expenses of $73K, and assets of $44K (revenue +107.6% year-over-year).
- 2011: Revenue of $48K, expenses of $60K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Lewes Farmers Marketsociety:
Data Sources and Methodology
This transparency report for Historic Lewes Farmers Marketsociety 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.