New York Farm Bureau
New York Farm Bureau shows fluctuating revenue and consistent operational deficits in recent years, maintaining substantial assets.
EIN: 150539109 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $3.5M |
| Program Spending | 70% |
| Net Assets | $18.8M |
| Transparency Score | 65/100 |
Is New York Farm Bureau Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Farm Bureau directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New York Farm Bureau
New York Farm Bureau (EIN: 150539109) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $2.5M and total assets of $25.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Farm Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Farm Bureau is a mid-size nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-1,566,670 |
| Total Assets | $22.4M |
| Total Liabilities | $3.6M |
| Net Assets | $18.8M |
| Operating Margin | -79.4% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 75.9 months |
Financial Health Grade: B
In 2023, New York Farm Bureau reported a deficit of $1.6M with expenses exceeding revenue, holds 75.9 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Farm Bureau's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +75.4% | -6.5% | +4.6% |
| 2022 | -85.5% | +9.1% | -20.5% |
| 2021 | +98.8% | +1.2% | +15.6% |
| 2020 | +31.7% | -3.4% | -3.3% |
| 2019 | -19.8% | -3.3% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 New York Farm Bureau with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New York Farm Bureau allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through a related entity not reflected in these specific 990s, which enhances transparency regarding direct compensation from the organization itself.
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.
Red Flags
The following concerns were identified during AI analysis of New York Farm Bureau's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 202310: Expenses $3,540,048 vs. Revenue $1,973,378)
- Significant year-over-year revenue volatility (e.g., $7,770,065 in 202110 down to $1,125,268 in 202210)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for New York Farm Bureau:
- Substantial and stable asset base ($25,232,196 latest, consistently above $21M for the past decade)
- High transparency regarding officer compensation (reported as 0% across all filings)
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about New York Farm Bureau
Is New York Farm Bureau a legitimate charity?
New York Farm Bureau (EIN: 150539109) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does New York Farm Bureau spend its money?
New York Farm Bureau directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New York Farm Bureau tax-deductible?
New York Farm Bureau is registered as a tax-exempt nonprofit (EIN: 150539109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Farm Bureau's spending goes to programs?
New York Farm Bureau directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New York Farm Bureau located?
New York Farm Bureau is headquartered in Albany, New York and files with the IRS under EIN 150539109.
How many years of IRS 990 filings does New York Farm Bureau have?
New York Farm Bureau 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 $2.5M in total revenue.
How does the New York Farm Bureau cover its operational deficits, such as the $1,566,670 gap in 202310 (Expenses $3,540,048 vs. Revenue $1,973,378)?
The organization likely utilizes its substantial asset base, which stood at $22,389,293 in 202310, or draws from other income streams not categorized as 'revenue' in the provided summary, to cover operational shortfalls.
What is the nature of the 'Officer Comp=0%' reported across all filings, and how are key executives compensated?
The consistent reporting of 0% for officer compensation suggests that executive leadership may be volunteer-based, compensated by a related entity, or that their compensation is not classified as 'officer compensation' on these specific 990 forms. Further investigation into their full 990s would be needed to clarify.
Given the significant assets ($25,232,196 latest) and fluctuating revenue, what is the organization's long-term financial strategy?
The organization appears to maintain a strong asset base, potentially as an endowment or investment fund, which could provide stability despite annual revenue fluctuations and operational deficits. A detailed financial statement would clarify their investment and spending policies.
Filing History
IRS 990 filing history for New York Farm Bureau showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Farm Bureau's revenue has declined by 43.9%, moving from $3.5M to $2.0M. Total assets increased by 3.3% over the same period, from $21.7M to $22.4M. Total functional expenses fell by 3.2%, from $3.7M to $3.5M. In its most recent filing year (2023), New York Farm Bureau reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $22.4M in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $18.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $3.5M | $22.4M | $3.6M | — | View 990 |
| 2022 | $1.1M | $3.8M | $21.4M | $2.1M | — | View 990 |
| 2021 | $7.8M | $3.5M | $26.9M | $2.4M | — | View 990 |
| 2020 | $3.9M | $3.4M | $23.3M | $2.1M | — | — |
| 2019 | $3.0M | $3.6M | $24.1M | $2.7M | — | View 990 |
| 2018 | $3.7M | $3.7M | $22.8M | $2.3M | — | View 990 |
| 2017 | $4.5M | $3.9M | $23.9M | $2.2M | — | — |
| 2016 | $4.1M | $3.8M | $23.3M | $2.7M | — | View 990 |
| 2015 | $4.3M | $3.9M | $24.5M | $3.6M | — | View 990 |
| 2014 | $4.4M | $3.8M | $24.5M | $3.3M | — | View 990 |
| 2013 | $4.4M | $3.8M | $23.9M | $3.1M | — | View 990 |
| 2012 | $3.8M | $3.8M | $22.3M | $2.9M | — | View 990 |
| 2011 | $3.5M | $3.7M | $21.7M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $3.5M, and assets of $22.4M (revenue +75.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $3.8M, and assets of $21.4M (revenue -85.5% year-over-year).
- 2021: Revenue of $7.8M, expenses of $3.5M, and assets of $26.9M (revenue +98.8% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.4M, and assets of $23.3M (revenue +31.7% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.6M, and assets of $24.1M (revenue -19.8% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.7M, and assets of $22.8M (revenue -17.5% year-over-year).
- 2017: Revenue of $4.5M, expenses of $3.9M, and assets of $23.9M (revenue +9.6% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.8M, and assets of $23.3M (revenue -4.0% year-over-year).
- 2015: Revenue of $4.3M, expenses of $3.9M, and assets of $24.5M (revenue -2.1% year-over-year).
- 2014: Revenue of $4.4M, expenses of $3.8M, and assets of $24.5M (revenue -0.7% year-over-year).
- 2013: Revenue of $4.4M, expenses of $3.8M, and assets of $23.9M (revenue +13.9% year-over-year).
- 2012: Revenue of $3.8M, expenses of $3.8M, and assets of $22.3M (revenue +9.2% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.7M, and assets of $21.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Farm Bureau:
Data Sources and Methodology
This transparency report for New York Farm Bureau 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.