Local Food Network
EIN: 770719138 · Reno, NV · NTEE: K20
| Metric | Value |
|---|---|
| Total Revenue | $500K |
| Total Expenses | $341K |
| Net Assets | $99K |
Is Local Food Network 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 Network
Local Food Network (EIN: 770719138) is a nonprofit organization based in Reno, NV, classified under NTEE code K20. The organization reported total revenue of $500K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Food Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Food Network is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 83.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $417K |
| Total Expenses | $341K |
| Surplus / Deficit | +$76K |
| Total Assets | $121K |
| Total Liabilities | $22K |
| Net Assets | $99K |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Local Food Network reported a surplus of $76K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Local Food Network's revenue has grown at a compound annual growth rate (CAGR) of 83.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +241.6% | +173.7% | +377.0% |
| 2022 | +4.0% | +4.3% | -13.5% |
| 2021 | +49.2% | +125.0% | -35.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local Food Network 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 Network 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 surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.5%.
Frequently Asked Questions about Local Food Network
Is Local Food Network a legitimate charity?
Local Food Network (EIN: 770719138) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $500K. No red flags identified. Financial health grade: A.
How does Local Food Network spend its money?
Local Food Network reported $500K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local Food Network tax-deductible?
Local Food Network is registered as a tax-exempt nonprofit (EIN: 770719138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Food Network located?
Local Food Network is headquartered in Reno, Nevada and files with the IRS under EIN 770719138. It is classified under NTEE code K20.
How many years of IRS 990 filings does Local Food Network have?
Local Food Network has 10 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 $500K in total revenue.
Filing History
IRS 990 filing history for Local Food Network showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Local Food Network's revenue has grown by 148962.9%, moving from $280 to $417K. Total assets increased by 22355.2% over the same period, from $540 to $121K. Total functional expenses rose by 359329.5%, from $95 to $341K. In its most recent filing year (2023), Local Food Network reported a surplus of $76K, with revenue exceeding expenses. The organization holds $22K in liabilities against $121K in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $99K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $417K | $341K | $121K | $22K | — | — |
| 2022 | $122K | $125K | $25K | $3K | — | — |
| 2021 | $117K | $120K | $29K | $4K | — | View 990 |
| 2020 | $79K | $53K | $45K | $18K | — | View 990 |
| 2018 | $0 | $50 | $933 | $0 | — | View 990 |
| 2017 | $0 | $9K | $942 | $0 | — | View 990 |
| 2016 | $0 | $342 | $1K | $0 | — | View 990 |
| 2015 | $250 | $50 | $1K | $0 | — | View 990 |
| 2012 | $570 | $50 | $706 | $0 | — | View 990 |
| 2011 | $280 | $95 | $540 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $417K, expenses of $341K, and assets of $121K (revenue +241.6% year-over-year).
- 2022: Revenue of $122K, expenses of $125K, and assets of $25K (revenue +4.0% year-over-year).
- 2021: Revenue of $117K, expenses of $120K, and assets of $29K (revenue +49.2% year-over-year).
- 2020: Revenue of $79K, expenses of $53K, and assets of $45K.
- 2018: Revenue of $0, expenses of $50, and assets of $933.
- 2017: Revenue of $0, expenses of $9K, and assets of $942.
- 2016: Revenue of $0, expenses of $342, and assets of $1K (revenue -100.0% year-over-year).
- 2015: Revenue of $250, expenses of $50, and assets of $1K (revenue -56.1% year-over-year).
- 2012: Revenue of $570, expenses of $50, and assets of $706 (revenue +103.6% year-over-year).
- 2011: Revenue of $280, expenses of $95, and assets of $540.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Food Network:
Data Sources and Methodology
This transparency report for Local Food Network 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.