New Jersey Farmers Cooperative
EIN: 850531571 · West Cape May, NJ · NTEE: K20
| Metric | Value |
|---|---|
| Total Revenue | $695K |
| Total Expenses | $23K |
| Net Assets | $3.0M |
Is New Jersey Farmers Cooperative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Jersey Farmers Cooperative
New Jersey Farmers Cooperative (EIN: 850531571) is a nonprofit organization based in West Cape May, NJ, classified under NTEE code K20. The organization reported total revenue of $695K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Farmers Cooperative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Farmers Cooperative is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -65.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $732K |
| Total Expenses | $23K |
| Surplus / Deficit | +$709K |
| Total Assets | $3.7M |
| Total Liabilities | $745K |
| Net Assets | $3.0M |
| Operating Margin | 96.8% |
| Debt-to-Asset Ratio | 20.1% |
| Months of Reserves | 1914.9 months |
Financial Health Grade: A
In 2023, New Jersey Farmers Cooperative reported a surplus of $709K with revenue exceeding expenses, holds 1914.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.1% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), New Jersey Farmers Cooperative's revenue has declined at a compound annual growth rate (CAGR) of -65.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.7% | -98.4% | +64.4% |
| 2022 | -91.6% | -53.2% | -28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Jersey Farmers Cooperative 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 New Jersey Farmers Cooperative 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 $709K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.1%.
Frequently Asked Questions about New Jersey Farmers Cooperative
Is New Jersey Farmers Cooperative a legitimate charity?
New Jersey Farmers Cooperative (EIN: 850531571) is a registered tax-exempt nonprofit based in New Jersey. It has 3 years of IRS 990 filings on record. Total revenue: $695K. No red flags identified. Financial health grade: A.
How does New Jersey Farmers Cooperative spend its money?
New Jersey Farmers Cooperative reported $695K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Jersey Farmers Cooperative tax-deductible?
New Jersey Farmers Cooperative is registered as a tax-exempt nonprofit (EIN: 850531571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Jersey Farmers Cooperative located?
New Jersey Farmers Cooperative is headquartered in West Cape May, New Jersey and files with the IRS under EIN 850531571. It is classified under NTEE code K20.
How many years of IRS 990 filings does New Jersey Farmers Cooperative have?
New Jersey Farmers Cooperative has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $695K in total revenue.
Filing History
IRS 990 filing history for New Jersey Farmers Cooperative showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), New Jersey Farmers Cooperative's revenue has declined by 88.1%, moving from $6.2M to $732K. Total assets increased by 17.5% over the same period, from $3.2M to $3.7M. Total functional expenses fell by 99.2%, from $3.0M to $23K. In its most recent filing year (2023), New Jersey Farmers Cooperative reported a surplus of $709K, with revenue exceeding expenses. The organization holds $745K in liabilities against $3.7M in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $732K | $23K | $3.7M | $745K | — | — |
| 2022 | $516K | $1.4M | $2.3M | $84 | — | View 990 |
| 2021 | $6.2M | $3.0M | $3.2M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $732K, expenses of $23K, and assets of $3.7M (revenue +41.7% year-over-year).
- 2022: Revenue of $516K, expenses of $1.4M, and assets of $2.3M (revenue -91.6% year-over-year).
- 2021: Revenue of $6.2M, expenses of $3.0M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Farmers Cooperative:
Data Sources and Methodology
This transparency report for New Jersey Farmers Cooperative 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.