Needham Community Farm Inc
Needham Community Farm Inc shows consistent revenue and asset growth with zero executive compensation.
EIN: 113822708 · Needham, MA · NTEE: C60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $166K |
| Program Spending | 90% |
| Net Assets | $380K |
| Transparency Score | 92/100 |
Is Needham Community Farm Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Needham Community Farm Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Needham Community Farm Inc
Needham Community Farm Inc (EIN: 113822708) is a nonprofit organization based in Needham, MA, classified under NTEE code C60. The organization reported total revenue of $314K and total assets of $381K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Needham Community Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Needham Community Farm Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $166K |
| Surplus / Deficit | +$148K |
| Total Assets | $381K |
| Total Liabilities | $819 |
| Net Assets | $380K |
| Operating Margin | 47.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 27.6 months |
Financial Health Grade: A
In 2023, Needham Community Farm Inc reported a surplus of $148K with revenue exceeding expenses, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Needham Community Farm Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.0% | +31.2% | +64.5% |
| 2022 | +28.9% | +13.0% | +44.8% |
| 2021 | +36.7% | +5.8% | +22.6% |
| 2020 | -2.7% | +14.6% | +21.7% |
| 2019 | +39.4% | +18.0% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Needham Community Farm 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, Needham Community Farm 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 $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through non-officer roles, ensuring resources are maximized for the 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 Needham Community Farm Inc:
- Consistent revenue growth, from $60,481 in 2016 to $313,824 in 2023.
- Strong asset growth, from $82,686 in 2016 to $380,863 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Expenses consistently lower than revenue, demonstrating sound financial management (e.g., 2023 expenses of $165,636 vs. revenue of $313,824).
- Low liabilities relative to assets, indicating financial stability (e.g., $819 liabilities vs. $380,863 assets in 2023).
Frequently Asked Questions about Needham Community Farm Inc
Is Needham Community Farm Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Needham Community Farm Inc (EIN: 113822708) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Needham Community Farm Inc spend its money?
Needham Community Farm Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Needham Community Farm Inc tax-deductible?
Needham Community Farm Inc is registered as a tax-exempt nonprofit (EIN: 113822708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Needham Community Farm Inc's spending goes to programs?
Needham Community Farm Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Needham Community Farm Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Needham Community Farm Inc is above average for NTEE category C60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Needham Community Farm Inc located?
Needham Community Farm Inc is headquartered in Needham, Massachusetts and files with the IRS under EIN 113822708. It is classified under NTEE code C60.
How many years of IRS 990 filings does Needham Community Farm Inc have?
Needham Community Farm 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 $314K in total revenue.
Is Needham Community Farm Inc a good charity?
Based on its financial data, Needham Community Farm Inc appears to be a very good charity. It demonstrates strong financial growth, efficient spending with zero officer compensation, and a healthy asset base relative to its revenue.
How has Needham Community Farm Inc's revenue grown over time?
Needham Community Farm Inc has shown significant revenue growth, increasing from $60,481 in 2016 to $313,824 in 2023, indicating strong donor support and operational expansion.
What is the organization's asset growth trend?
The organization's assets have grown substantially, from $82,686 in 2016 to $380,863 in 2023, reflecting sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Needham Community Farm Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Needham Community Farm Inc's revenue has grown by 518.9%, moving from $51K to $314K. Total assets increased by 1027% over the same period, from $34K to $381K. Total functional expenses rose by 850.7%, from $17K to $166K. In its most recent filing year (2023), Needham Community Farm Inc reported a surplus of $148K, with revenue exceeding expenses. The organization holds $819 in liabilities against $381K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $380K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $166K | $381K | $819 | — | — |
| 2022 | $200K | $126K | $232K | $1K | — | View 990 |
| 2021 | $155K | $112K | $160K | $3K | — | — |
| 2020 | $113K | $106K | $130K | $17K | — | — |
| 2019 | $117K | $92K | $107K | $2K | — | View 990 |
| 2018 | $84K | $78K | $88K | $7K | — | View 990 |
| 2017 | $52K | $59K | $76K | $441 | — | View 990 |
| 2016 | $60K | $63K | $83K | $371 | — | View 990 |
| 2015 | $66K | $59K | $85K | $0 | — | View 990 |
| 2014 | $80K | $65K | $79K | $1K | — | View 990 |
| 2013 | $70K | $60K | $66K | $3K | — | View 990 |
| 2012 | $66K | $50K | $51K | $47 | — | View 990 |
| 2011 | $51K | $17K | $34K | $55 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $166K, and assets of $381K (revenue +57.0% year-over-year).
- 2022: Revenue of $200K, expenses of $126K, and assets of $232K (revenue +28.9% year-over-year).
- 2021: Revenue of $155K, expenses of $112K, and assets of $160K (revenue +36.7% year-over-year).
- 2020: Revenue of $113K, expenses of $106K, and assets of $130K (revenue -2.7% year-over-year).
- 2019: Revenue of $117K, expenses of $92K, and assets of $107K (revenue +39.4% year-over-year).
- 2018: Revenue of $84K, expenses of $78K, and assets of $88K (revenue +61.5% year-over-year).
- 2017: Revenue of $52K, expenses of $59K, and assets of $76K (revenue -14.4% year-over-year).
- 2016: Revenue of $60K, expenses of $63K, and assets of $83K (revenue -8.4% year-over-year).
- 2015: Revenue of $66K, expenses of $59K, and assets of $85K (revenue -17.1% year-over-year).
- 2014: Revenue of $80K, expenses of $65K, and assets of $79K (revenue +13.5% year-over-year).
- 2013: Revenue of $70K, expenses of $60K, and assets of $66K (revenue +5.8% year-over-year).
- 2012: Revenue of $66K, expenses of $50K, and assets of $51K (revenue +30.8% year-over-year).
- 2011: Revenue of $51K, expenses of $17K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Needham Community Farm Inc:
Data Sources and Methodology
This transparency report for Needham Community Farm 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.