Mitchell Farm Equine Retirement Inc
EIN: 562495790 · Salem, CT · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $329K |
| Net Assets | $4K |
Is Mitchell Farm Equine Retirement Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mitchell Farm Equine Retirement Inc
Mitchell Farm Equine Retirement Inc (EIN: 562495790) is a nonprofit organization based in Salem, CT, classified under NTEE code D20. The organization reported total revenue of $417K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mitchell Farm Equine Retirement Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mitchell Farm Equine Retirement Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $329K |
| Surplus / Deficit | $-23,417 |
| Total Assets | $41K |
| Total Liabilities | $37K |
| Net Assets | $4K |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 89.5% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, Mitchell Farm Equine Retirement Inc reported a deficit of $23K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 89.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mitchell Farm Equine Retirement Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.6% | +2.1% | -20.9% |
| 2022 | +32.0% | +10.1% | +25.5% |
| 2021 | -8.4% | +6.5% | -32.7% |
| 2020 | +24.3% | +14.0% | +116.9% |
| 2019 | -11.6% | +1.7% | -34.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mitchell Farm Equine Retirement 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 Mitchell Farm Equine Retirement 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 $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.5%.
Frequently Asked Questions about Mitchell Farm Equine Retirement Inc
Is Mitchell Farm Equine Retirement Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mitchell Farm Equine Retirement Inc (EIN: 562495790) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mitchell Farm Equine Retirement Inc spend its money?
Detailed spending breakdown data is not yet available for Mitchell Farm Equine Retirement Inc. Check back for updated IRS 990 analysis.
Are donations to Mitchell Farm Equine Retirement Inc tax-deductible?
Mitchell Farm Equine Retirement Inc is registered as a tax-exempt nonprofit (EIN: 562495790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mitchell Farm Equine Retirement Inc located?
Mitchell Farm Equine Retirement Inc is headquartered in Salem, Connecticut and files with the IRS under EIN 562495790. It is classified under NTEE code D20.
How many years of IRS 990 filings does Mitchell Farm Equine Retirement Inc have?
Mitchell Farm Equine Retirement 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 $417K in total revenue.
Filing History
IRS 990 filing history for Mitchell Farm Equine Retirement Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mitchell Farm Equine Retirement Inc's revenue has grown by 145.6%, moving from $124K to $306K. Total assets increased by 73.8% over the same period, from $24K to $41K. Total functional expenses rose by 160.4%, from $126K to $329K. In its most recent filing year (2023), Mitchell Farm Equine Retirement Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $37K in liabilities against $41K in assets (debt-to-asset ratio: 89.5%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $329K | $41K | $37K | — | View 990 |
| 2022 | $346K | $322K | $52K | $18K | — | View 990 |
| 2021 | $262K | $293K | $42K | $37K | — | — |
| 2020 | $286K | $275K | $62K | $27K | — | View 990 |
| 2019 | $230K | $241K | $29K | $4K | — | View 990 |
| 2018 | $260K | $237K | $43K | $8K | — | View 990 |
| 2017 | $216K | $205K | $34K | $22K | — | View 990 |
| 2016 | $254K | $280K | $31K | $30K | — | View 990 |
| 2015 | $153K | $176K | $30K | $2K | — | View 990 |
| 2014 | $232K | $208K | $52K | $721 | — | View 990 |
| 2013 | $142K | $136K | $43K | $16K | — | View 990 |
| 2012 | $116K | $119K | $20K | $0 | — | View 990 |
| 2011 | $124K | $126K | $24K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $329K, and assets of $41K (revenue -11.6% year-over-year).
- 2022: Revenue of $346K, expenses of $322K, and assets of $52K (revenue +32.0% year-over-year).
- 2021: Revenue of $262K, expenses of $293K, and assets of $42K (revenue -8.4% year-over-year).
- 2020: Revenue of $286K, expenses of $275K, and assets of $62K (revenue +24.3% year-over-year).
- 2019: Revenue of $230K, expenses of $241K, and assets of $29K (revenue -11.6% year-over-year).
- 2018: Revenue of $260K, expenses of $237K, and assets of $43K (revenue +20.2% year-over-year).
- 2017: Revenue of $216K, expenses of $205K, and assets of $34K (revenue -14.8% year-over-year).
- 2016: Revenue of $254K, expenses of $280K, and assets of $31K (revenue +66.2% year-over-year).
- 2015: Revenue of $153K, expenses of $176K, and assets of $30K (revenue -34.0% year-over-year).
- 2014: Revenue of $232K, expenses of $208K, and assets of $52K (revenue +62.6% year-over-year).
- 2013: Revenue of $142K, expenses of $136K, and assets of $43K (revenue +22.5% year-over-year).
- 2012: Revenue of $116K, expenses of $119K, and assets of $20K (revenue -6.5% year-over-year).
- 2011: Revenue of $124K, expenses of $126K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mitchell Farm Equine Retirement Inc:
Data Sources and Methodology
This transparency report for Mitchell Farm Equine Retirement 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.