Red Acre Farm Inc
EIN: 42119492 · Stow, MA
| Metric | Value |
|---|---|
| Total Revenue | $972K |
| Total Expenses | $443K |
| Net Assets | $8.1M |
Is Red Acre Farm Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Acre Farm Inc
Red Acre Farm Inc (EIN: 42119492) is a nonprofit organization based in Stow, MA. The organization reported total revenue of $972K and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Acre Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Acre Farm Inc is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $212K |
| Total Expenses | $443K |
| Surplus / Deficit | $-231,380 |
| Total Assets | $8.1M |
| Total Liabilities | $1 |
| Net Assets | $8.1M |
| Operating Margin | -109.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 218.2 months |
Financial Health Grade: B
In 2023, Red Acre Farm Inc reported a deficit of $231K with expenses exceeding revenue, holds 218.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Red Acre Farm Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.0% | -4.9% | +7.4% |
| 2022 | +17.8% | +0.7% | -17.8% |
| 2021 | -49.3% | +2.8% | +17.4% |
| 2020 | -43.2% | -6.2% | -3.0% |
| 2019 | +1934.0% | -2.8% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Acre Farm 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 Red Acre Farm 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 $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Red Acre Farm Inc
Is Red Acre Farm Inc a legitimate charity?
Red Acre Farm Inc (EIN: 42119492) is a registered tax-exempt nonprofit based in Massachusetts. It has 10 years of IRS 990 filings on record. Total revenue: $972K. No red flags identified. Financial health grade: B.
How does Red Acre Farm Inc spend its money?
Red Acre Farm Inc reported $972K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Red Acre Farm Inc tax-deductible?
Red Acre Farm Inc is registered as a tax-exempt nonprofit (EIN: 42119492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Acre Farm Inc located?
Red Acre Farm Inc is headquartered in Stow, Massachusetts and files with the IRS under EIN 42119492.
How many years of IRS 990 filings does Red Acre Farm Inc have?
Red Acre Farm Inc has 10 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 $972K in total revenue.
Filing History
IRS 990 filing history for Red Acre Farm Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Red Acre Farm Inc's revenue has declined by 50.3%, moving from $426K to $212K. Total assets increased by 21.3% over the same period, from $6.6M to $8.1M. Total functional expenses rose by 6.1%, from $418K to $443K. In its most recent filing year (2023), Red Acre Farm Inc reported a deficit of $231K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $212K | $443K | $8.1M | $1 | — | View 990 |
| 2022 | $372K | $466K | $7.5M | $1 | — | View 990 |
| 2021 | $315K | $462K | $9.1M | $1 | — | View 990 |
| 2020 | $622K | $450K | $7.8M | $258 | — | View 990 |
| 2019 | $1.1M | $479K | $8.0M | $4K | — | View 990 |
| 2015 | $54K | $493K | $7.8M | $1 | — | View 990 |
| 2014 | $529K | $452K | $8.2M | $5K | — | View 990 |
| 2013 | $209K | $446K | $7.5M | $1 | — | View 990 |
| 2012 | $756K | $454K | $7.4M | $1 | — | View 990 |
| 2011 | $426K | $418K | $6.6M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $212K, expenses of $443K, and assets of $8.1M (revenue -43.0% year-over-year).
- 2022: Revenue of $372K, expenses of $466K, and assets of $7.5M (revenue +17.8% year-over-year).
- 2021: Revenue of $315K, expenses of $462K, and assets of $9.1M (revenue -49.3% year-over-year).
- 2020: Revenue of $622K, expenses of $450K, and assets of $7.8M (revenue -43.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $479K, and assets of $8.0M (revenue +1934.0% year-over-year).
- 2015: Revenue of $54K, expenses of $493K, and assets of $7.8M (revenue -89.8% year-over-year).
- 2014: Revenue of $529K, expenses of $452K, and assets of $8.2M (revenue +152.9% year-over-year).
- 2013: Revenue of $209K, expenses of $446K, and assets of $7.5M (revenue -72.3% year-over-year).
- 2012: Revenue of $756K, expenses of $454K, and assets of $7.4M (revenue +77.6% year-over-year).
- 2011: Revenue of $426K, expenses of $418K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Acre Farm Inc:
Data Sources and Methodology
This transparency report for Red Acre 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.