Lamoille Community Food Share Inc
Lamoille Community Food Share Inc maintains strong financial health with consistent surpluses and no reported officer compensation.
EIN: 10760865 · Morrisville, VT · NTEE: K31 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $341K |
| Program Spending | 90% |
| Net Assets | $467K |
| Transparency Score | 92/100 |
Is Lamoille Community Food Share Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lamoille Community Food Share Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lamoille Community Food Share Inc
Lamoille Community Food Share Inc (EIN: 10760865) is a nonprofit organization based in Morrisville, VT, classified under NTEE code K31. The organization reported total revenue of $385K and total assets of $498K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lamoille Community Food Share Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lamoille Community Food Share Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $378K |
| Total Expenses | $341K |
| Surplus / Deficit | +$37K |
| Total Assets | $468K |
| Total Liabilities | $1K |
| Net Assets | $467K |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2023, Lamoille Community Food Share Inc reported a surplus of $37K with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lamoille Community Food Share Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | -22.7% | +11.6% |
| 2022 | +10.0% | +23.2% | -18.3% |
| 2021 | -27.2% | +14.8% | +2.5% |
| 2020 | +114.0% | +24.5% | +58.8% |
| 2019 | -1.0% | +10.9% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Lamoille Community Food Share Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Lamoille Community Food Share Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Lamoille Community Food Share Inc reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer or compensated through non-officer roles, which allows more resources to be directed towards 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.
Strengths
The following positive indicators were identified for Lamoille Community Food Share Inc:
- Strong program spending efficiency due to 0% officer compensation across all filings.
- Consistent revenue growth and asset accumulation over the past decade, indicating sustainable operations.
- Very low liabilities, demonstrating excellent financial management and minimal debt burden (e.g., $1,350 in 202312).
- Clear alignment between NTEE code (K31 - Food Banks & Food Distribution) and organizational mission.
- Positive net assets and generally positive operating margins, contributing to long-term stability.
Frequently Asked Questions about Lamoille Community Food Share Inc
Is Lamoille Community Food Share Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lamoille Community Food Share Inc (EIN: 10760865) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Lamoille Community Food Share Inc spend its money?
Lamoille Community Food Share Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lamoille Community Food Share Inc tax-deductible?
Lamoille Community Food Share Inc is registered as a tax-exempt nonprofit (EIN: 10760865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lamoille Community Food Share Inc's spending goes to programs?
Lamoille Community Food Share Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lamoille Community Food Share Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lamoille Community Food Share Inc is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lamoille Community Food Share Inc located?
Lamoille Community Food Share Inc is headquartered in Morrisville, Vermont and files with the IRS under EIN 10760865. It is classified under NTEE code K31.
How many years of IRS 990 filings does Lamoille Community Food Share Inc have?
Lamoille Community Food Share 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 $385K in total revenue.
Is Lamoille Community Food Share Inc financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth, low liabilities (e.g., $1,350 in 202312), and a healthy asset base of $468,238 in the latest period.
How efficiently does Lamoille Community Food Share Inc use its donations?
The organization appears highly efficient, with no reported officer compensation and a history of managing expenses effectively, often generating surpluses. This suggests a high percentage of funds are directed to program services.
Does Lamoille Community Food Share Inc have high administrative costs?
Based on the absence of officer compensation and the overall financial health, administrative costs are likely very low, allowing the majority of funds to support its food distribution programs.
Filing History
IRS 990 filing history for Lamoille Community Food Share Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lamoille Community Food Share Inc's revenue has grown by 172.2%, moving from $139K to $378K. Total assets increased by 246.3% over the same period, from $135K to $468K. Total functional expenses rose by 114.4%, from $159K to $341K. In its most recent filing year (2023), Lamoille Community Food Share Inc reported a surplus of $37K, with revenue exceeding expenses. The organization holds $1K in liabilities against $468K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $467K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $378K | $341K | $468K | $1K | — | View 990 |
| 2022 | $394K | $442K | $420K | $3K | — | View 990 |
| 2021 | $359K | $359K | $514K | $2K | — | — |
| 2020 | $492K | $312K | $501K | $2K | — | View 990 |
| 2019 | $230K | $251K | $316K | $2K | — | View 990 |
| 2018 | $232K | $226K | $327K | $2K | — | View 990 |
| 2017 | $236K | $186K | $322K | $4K | — | View 990 |
| 2016 | $194K | $191K | $272K | $3K | — | View 990 |
| 2015 | $221K | $176K | $268K | $3K | — | View 990 |
| 2014 | $225K | $152K | $224K | $2K | — | View 990 |
| 2013 | $186K | $150K | $151K | $2K | — | View 990 |
| 2012 | $155K | $177K | $115K | $2K | — | View 990 |
| 2011 | $139K | $159K | $135K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $378K, expenses of $341K, and assets of $468K (revenue -4.0% year-over-year).
- 2022: Revenue of $394K, expenses of $442K, and assets of $420K (revenue +10.0% year-over-year).
- 2021: Revenue of $359K, expenses of $359K, and assets of $514K (revenue -27.2% year-over-year).
- 2020: Revenue of $492K, expenses of $312K, and assets of $501K (revenue +114.0% year-over-year).
- 2019: Revenue of $230K, expenses of $251K, and assets of $316K (revenue -1.0% year-over-year).
- 2018: Revenue of $232K, expenses of $226K, and assets of $327K (revenue -1.6% year-over-year).
- 2017: Revenue of $236K, expenses of $186K, and assets of $322K (revenue +21.7% year-over-year).
- 2016: Revenue of $194K, expenses of $191K, and assets of $272K (revenue -12.1% year-over-year).
- 2015: Revenue of $221K, expenses of $176K, and assets of $268K (revenue -1.9% year-over-year).
- 2014: Revenue of $225K, expenses of $152K, and assets of $224K (revenue +20.8% year-over-year).
- 2013: Revenue of $186K, expenses of $150K, and assets of $151K (revenue +19.8% year-over-year).
- 2012: Revenue of $155K, expenses of $177K, and assets of $115K (revenue +11.8% year-over-year).
- 2011: Revenue of $139K, expenses of $159K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lamoille Community Food Share Inc:
Data Sources and Methodology
This transparency report for Lamoille Community Food Share 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.