Holcomb Farm Inc
EIN: 61384197 · West Granby, CT · NTEE: C99Z
| Metric | Value |
|---|---|
| Total Revenue | $787K |
| Total Expenses | $485K |
| Net Assets | $331K |
Is Holcomb Farm Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holcomb Farm Inc
Holcomb Farm Inc (EIN: 61384197) is a nonprofit organization based in West Granby, CT, classified under NTEE code C99Z. The organization reported total revenue of $787K and total assets of $520K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holcomb Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holcomb Farm Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $472K |
| Total Expenses | $485K |
| Surplus / Deficit | $-12,886 |
| Total Assets | $595K |
| Total Liabilities | $264K |
| Net Assets | $331K |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 44.3% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2023, Holcomb Farm Inc reported a deficit of $13K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 44.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Holcomb Farm Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.0% | +-0.0% | +0.2% |
| 2022 | +30.4% | +7.8% | +24.8% |
| 2021 | -19.6% | +9.4% | -3.1% |
| 2020 | +51.2% | +15.5% | +50.1% |
| 2019 | -7.9% | +17.3% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holcomb Farm 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 Holcomb Farm 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.3%.
Frequently Asked Questions about Holcomb Farm Inc
Is Holcomb Farm Inc a legitimate charity?
Holcomb Farm Inc (EIN: 61384197) is a registered tax-exempt nonprofit based in Connecticut. It has 14 years of IRS 990 filings on record. Total revenue: $787K. No red flags identified. Financial health grade: B.
How does Holcomb Farm Inc spend its money?
Holcomb Farm Inc reported $787K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Holcomb Farm Inc tax-deductible?
Holcomb Farm Inc is registered as a tax-exempt nonprofit (EIN: 61384197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holcomb Farm Inc located?
Holcomb Farm Inc is headquartered in West Granby, Connecticut and files with the IRS under EIN 61384197. It is classified under NTEE code C99Z.
How many years of IRS 990 filings does Holcomb Farm Inc have?
Holcomb Farm Inc has 14 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 $787K in total revenue.
Filing History
IRS 990 filing history for Holcomb Farm Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Holcomb Farm Inc's revenue has declined by 25.7%, moving from $635K to $472K. Total assets decreased by 17.1% over the same period, from $717K to $595K. Total functional expenses fell by 27.5%, from $669K to $485K. In its most recent filing year (2023), Holcomb Farm Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $264K in liabilities against $595K in assets (debt-to-asset ratio: 44.3%), resulting in net assets of $331K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $472K | $485K | $595K | $264K | — | — |
| 2022 | $530K | $485K | $593K | $254K | — | View 990 |
| 2021 | $407K | $450K | $475K | $181K | — | View 990 |
| 2020 | $506K | $412K | $490K | $152K | — | — |
| 2019 | $334K | $356K | $327K | $83K | — | View 990 |
| 2018 | $363K | $304K | $313K | $48K | — | View 990 |
| 2017 | $330K | $300K | $250K | $44K | — | View 990 |
| 2016 | $285K | $273K | $216K | $40K | — | View 990 |
| 2015 | $279K | $263K | $228K | $65K | — | View 990 |
| 2014 | $288K | $378K | $179K | $32K | — | View 990 |
| 2013 | $338K | $349K | $288K | $51K | — | View 990 |
| 2012 | $240K | $207K | $315K | $67K | — | View 990 |
| 2012 | $427K | $694K | $367K | $170K | — | View 990 |
| 2011 | $635K | $669K | $717K | $252K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $472K, expenses of $485K, and assets of $595K (revenue -11.0% year-over-year).
- 2022: Revenue of $530K, expenses of $485K, and assets of $593K (revenue +30.4% year-over-year).
- 2021: Revenue of $407K, expenses of $450K, and assets of $475K (revenue -19.6% year-over-year).
- 2020: Revenue of $506K, expenses of $412K, and assets of $490K (revenue +51.2% year-over-year).
- 2019: Revenue of $334K, expenses of $356K, and assets of $327K (revenue -7.9% year-over-year).
- 2018: Revenue of $363K, expenses of $304K, and assets of $313K (revenue +10.2% year-over-year).
- 2017: Revenue of $330K, expenses of $300K, and assets of $250K (revenue +15.5% year-over-year).
- 2016: Revenue of $285K, expenses of $273K, and assets of $216K (revenue +2.4% year-over-year).
- 2015: Revenue of $279K, expenses of $263K, and assets of $228K (revenue -3.2% year-over-year).
- 2014: Revenue of $288K, expenses of $378K, and assets of $179K (revenue -14.8% year-over-year).
- 2013: Revenue of $338K, expenses of $349K, and assets of $288K (revenue +40.8% year-over-year).
- 2012: Revenue of $240K, expenses of $207K, and assets of $315K (revenue -43.7% year-over-year).
- 2012: Revenue of $427K, expenses of $694K, and assets of $367K (revenue -32.8% year-over-year).
- 2011: Revenue of $635K, expenses of $669K, and assets of $717K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holcomb Farm Inc:
Data Sources and Methodology
This transparency report for Holcomb 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.