Local Food Hub
EIN: 264137130 · Charlottesvle, VA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $956K |
| Total Expenses | $1.1M |
| Net Assets | $740K |
Is Local Food Hub 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 Hub
Local Food Hub (EIN: 264137130) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code S30. The organization reported total revenue of $956K and total assets of $816K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Food Hub's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Food Hub is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $956K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-184,735 |
| Total Assets | $816K |
| Total Liabilities | $76K |
| Net Assets | $740K |
| Operating Margin | -19.3% |
| Debt-to-Asset Ratio | 9.4% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Local Food Hub reported a deficit of $185K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 9.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Local Food Hub's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +15.1% | -20.2% |
| 2022 | -29.4% | -15.6% | -3.6% |
| 2021 | -21.6% | -25.5% | +19.0% |
| 2020 | +99.0% | +266.0% | +21.3% |
| 2019 | +3.2% | -40.9% | +79.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local Food Hub 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 Hub 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 $185K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.4%.
Frequently Asked Questions about Local Food Hub
Is Local Food Hub a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Food Hub (EIN: 264137130) insufficient data. 0 red flags identified, 0 strengths noted.
How does Local Food Hub spend its money?
Detailed spending breakdown data is not yet available for Local Food Hub. Check back for updated IRS 990 analysis.
Are donations to Local Food Hub tax-deductible?
Local Food Hub is registered as a tax-exempt nonprofit (EIN: 264137130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Food Hub located?
Local Food Hub is headquartered in Charlottesvle, Virginia and files with the IRS under EIN 264137130. It is classified under NTEE code S30.
How many years of IRS 990 filings does Local Food Hub have?
Local Food Hub 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 $956K in total revenue.
Filing History
IRS 990 filing history for Local Food Hub showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Local Food Hub's revenue has grown by 78.3%, moving from $536K to $956K. Total assets increased by 257.3% over the same period, from $228K to $816K. Total functional expenses rose by 132.5%, from $490K to $1.1M. In its most recent filing year (2023), Local Food Hub reported a deficit of $185K, with expenses exceeding revenue. The organization holds $76K in liabilities against $816K in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $740K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $956K | $1.1M | $816K | $76K | — | — |
| 2022 | $948K | $991K | $1.0M | $161K | — | View 990 |
| 2021 | $1.3M | $1.2M | $1.1M | $56K | — | View 990 |
| 2020 | $1.7M | $1.6M | $891K | $56K | — | View 990 |
| 2019 | $861K | $430K | $735K | $23K | — | View 990 |
| 2018 | $834K | $729K | $409K | $134K | — | View 990 |
| 2017 | $700K | $789K | $341K | $173K | — | — |
| 2016 | $711K | $796K | $336K | $78K | — | View 990 |
| 2015 | $794K | $819K | $447K | $104K | — | View 990 |
| 2014 | $760K | $695K | $444K | $81K | — | View 990 |
| 2013 | $871K | $767K | $319K | $26K | — | View 990 |
| 2012 | $794K | $794K | $223K | $32K | — | View 990 |
| 2011 | $667K | $642K | $257K | $35K | — | View 990 |
| 2010 | $536K | $490K | $228K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $956K, expenses of $1.1M, and assets of $816K (revenue +0.8% year-over-year).
- 2022: Revenue of $948K, expenses of $991K, and assets of $1.0M (revenue -29.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $1.1M (revenue -21.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $891K (revenue +99.0% year-over-year).
- 2019: Revenue of $861K, expenses of $430K, and assets of $735K (revenue +3.2% year-over-year).
- 2018: Revenue of $834K, expenses of $729K, and assets of $409K (revenue +19.2% year-over-year).
- 2017: Revenue of $700K, expenses of $789K, and assets of $341K (revenue -1.4% year-over-year).
- 2016: Revenue of $711K, expenses of $796K, and assets of $336K (revenue -10.5% year-over-year).
- 2015: Revenue of $794K, expenses of $819K, and assets of $447K (revenue +4.4% year-over-year).
- 2014: Revenue of $760K, expenses of $695K, and assets of $444K (revenue -12.7% year-over-year).
- 2013: Revenue of $871K, expenses of $767K, and assets of $319K (revenue +9.7% year-over-year).
- 2012: Revenue of $794K, expenses of $794K, and assets of $223K (revenue +19.0% year-over-year).
- 2011: Revenue of $667K, expenses of $642K, and assets of $257K (revenue +24.5% year-over-year).
- 2010: Revenue of $536K, expenses of $490K, and assets of $228K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Food Hub:
Data Sources and Methodology
This transparency report for Local Food Hub 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.