Provos Farmers Market
EIN: 270455413 · Provo, UT · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $120K |
| Net Assets | $87K |
Is Provos Farmers Market Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Provos Farmers Market
Provos Farmers Market (EIN: 270455413) is a nonprofit organization based in Provo, UT, classified under NTEE code K30. The organization reported total revenue of $256K and total assets of $184K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Provos Farmers Market's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Provos Farmers Market is a small nonprofit that has been operating for 13 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 28.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $120K |
| Surplus / Deficit | +$243 |
| Total Assets | $93K |
| Total Liabilities | $6K |
| Net Assets | $87K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 9.3 months |
Financial Health Grade: A
In 2023, Provos Farmers Market reported a surplus of $243 with revenue exceeding expenses, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Provos Farmers Market's revenue has grown at a compound annual growth rate (CAGR) of 28.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +60.6% | +4.9% |
| 2022 | +52.2% | +113.5% | +72.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Provos Farmers Market 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 Provos Farmers Market 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 $243, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Provos Farmers Market
Is Provos Farmers Market a legitimate charity?
Provos Farmers Market (EIN: 270455413) is a registered tax-exempt nonprofit based in Utah. It has 3 years of IRS 990 filings on record. Total revenue: $256K. No red flags identified. Financial health grade: A.
How does Provos Farmers Market spend its money?
Provos Farmers Market reported $256K 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 Provos Farmers Market tax-deductible?
Provos Farmers Market is registered as a tax-exempt nonprofit (EIN: 270455413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Provos Farmers Market located?
Provos Farmers Market is headquartered in Provo, Utah and files with the IRS under EIN 270455413. It is classified under NTEE code K30.
How many years of IRS 990 filings does Provos Farmers Market have?
Provos Farmers Market 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 $256K in total revenue.
Filing History
IRS 990 filing history for Provos Farmers Market showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Provos Farmers Market's revenue has grown by 64.8%, moving from $73K to $121K. Total assets increased by 81.3% over the same period, from $51K to $93K. Total functional expenses rose by 242.8%, from $35K to $120K. In its most recent filing year (2023), Provos Farmers Market reported a surplus of $243, with revenue exceeding expenses. The organization holds $6K in liabilities against $93K in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $87K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $120K | $93K | $6K | — | — |
| 2022 | $111K | $75K | $89K | $2K | — | View 990 |
| 2021 | $73K | $35K | $51K | $781 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $120K, and assets of $93K (revenue +8.2% year-over-year).
- 2022: Revenue of $111K, expenses of $75K, and assets of $89K (revenue +52.2% year-over-year).
- 2021: Revenue of $73K, expenses of $35K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Provos Farmers Market:
Data Sources and Methodology
This transparency report for Provos Farmers Market 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.