Local Food Association Inc
EIN: 453945833 · Versailles, KY
| Metric | Value |
|---|---|
| Total Expenses | $150K |
| Net Assets | $6K |
Is Local Food Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local Food Association Inc
Local Food Association Inc (EIN: 453945833) is a nonprofit organization based in Versailles, KY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Food Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Food Association Inc is a small nonprofit, with 3 years of IRS 990 filings on record (2013–2015). Revenue has grown at a compound annual rate of 32.7%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $150K |
| Surplus / Deficit | $-5,789 |
| Total Assets | $6K |
| Net Assets | $6K |
| Operating Margin | -4.0% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2015, Local Food Association Inc reported a deficit of $6K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2013–2015), Local Food Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +2.8% | -10.6% | -61.5% |
| 2014 | +71.3% | +312.7% | -64.7% |
AI Analysis Pending
AI enrichment for Local Food Association 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 Local Food Association 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
Frequently Asked Questions about Local Food Association Inc
Is Local Food Association Inc a legitimate charity?
Local Food Association Inc (EIN: 453945833) is a registered tax-exempt nonprofit based in Kentucky. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Local Food Association Inc spend its money?
Local Food Association Inc reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local Food Association Inc tax-deductible?
Local Food Association Inc is registered as a tax-exempt nonprofit (EIN: 453945833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Food Association Inc located?
Local Food Association Inc is headquartered in Versailles, Kentucky and files with the IRS under EIN 453945833.
How many years of IRS 990 filings does Local Food Association Inc have?
Local Food Association Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Local Food Association Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2013–2015), Local Food Association Inc's revenue has grown by 76%, moving from $82K to $144K. Total assets decreased by 86.4% over the same period, from $41K to $6K. Total functional expenses rose by 268.9%, from $41K to $150K. In its most recent filing year (2015), Local Food Association Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $144K | $150K | $6K | $0 | — | View 990 |
| 2014 | $140K | $168K | $15K | $779 | — | View 990 |
| 2013 | $82K | $41K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $144K, expenses of $150K, and assets of $6K (revenue +2.8% year-over-year).
- 2014: Revenue of $140K, expenses of $168K, and assets of $15K (revenue +71.3% year-over-year).
- 2013: Revenue of $82K, expenses of $41K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Food Association Inc:
Data Sources and Methodology
This transparency report for Local Food Association 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.