Skrungloo Farm Inc
Skrungloo Farm Inc consistently maintains strong financial health with negligible liabilities and significant asset growth.
EIN: 20524940 · Concord, NH · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $218K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $13.7 |
| Net Assets | $13.1M |
| Transparency Score | 90/100 |
Is Skrungloo Farm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skrungloo Farm Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skrungloo Farm Inc
Skrungloo Farm Inc (EIN: 20524940) is a nonprofit organization based in Concord, NH, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skrungloo Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skrungloo Farm Inc is a mid-size nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $485K |
| Total Expenses | $218K |
| Surplus / Deficit | +$267K |
| Total Assets | $13.1M |
| Total Liabilities | $1 |
| Net Assets | $13.1M |
| Operating Margin | 55.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 722.0 months |
Financial Health Grade: A
In 2023, Skrungloo Farm Inc reported a surplus of $267K with revenue exceeding expenses, holds 722.0 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), Skrungloo Farm Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | -0.3% | +2.1% |
| 2022 | -43.0% | -31.0% | +1.7% |
| 2021 | +95.4% | +73.9% | +3.7% |
| 2020 | -12.9% | -16.1% | +1.8% |
| 2019 | +417.0% | +84.3% | +543.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Skrungloo Farm Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Skrungloo Farm Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $267K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Skrungloo Farm Inc has consistently reported 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its asset size ($13.7 million).
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 Skrungloo Farm Inc's IRS 990 filings:
- Lack of reported officer compensation for an organization with over $13 million in assets, which is highly unusual and could obscure actual compensation practices if not truly volunteer-led.
Strengths
The following positive indicators were identified for Skrungloo Farm Inc:
- Exceptional financial stability with assets consistently growing and negligible liabilities.
- Strong revenue generation consistently exceeding expenses, indicating sustainable operations.
- Apparent high efficiency with low overall expense ratios relative to revenue.
- Long-term financial health demonstrated by over a decade of asset growth.
Frequently Asked Questions about Skrungloo Farm Inc
Is Skrungloo Farm Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Skrungloo Farm Inc (EIN: 20524940) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Skrungloo Farm Inc spend its money?
Skrungloo Farm Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skrungloo Farm Inc tax-deductible?
Skrungloo Farm Inc is registered as a tax-exempt nonprofit (EIN: 20524940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Skrungloo Farm Inc CEO make?
Skrungloo Farm Inc's highest-compensated officer earns $13.7 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Skrungloo Farm Inc's spending goes to programs?
Skrungloo Farm Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skrungloo Farm Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Skrungloo Farm Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skrungloo Farm Inc located?
Skrungloo Farm Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20524940. It is classified under NTEE code T20.
How many years of IRS 990 filings does Skrungloo Farm Inc have?
Skrungloo 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 $1.3M in total revenue.
How does Skrungloo Farm Inc manage to operate with 0% reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or compensation is structured in a way that isn't reported under 'officer compensation' on the 990, which would warrant further investigation for transparency.
What are the specific program activities funded by Skrungloo Farm Inc?
The provided data does not detail specific program activities. Given its NTEE code T20 (Animal Protection & Welfare), it is likely involved in animal-related programs, but further review of its full 990 forms or website would be needed for specifics.
How does Skrungloo Farm Inc achieve such low liabilities?
The organization consistently reports negligible liabilities ($0 or $1), suggesting strong cash flow management, minimal reliance on debt, and potentially significant endowment or unrestricted funds to cover operational needs.
What is the source of Skrungloo Farm Inc's significant asset growth?
The consistent growth in assets, from under $2 million in 2011 to over $13 million currently, is primarily driven by revenues consistently exceeding expenses, indicating effective fundraising and/or investment strategies.
Filing History
IRS 990 filing history for Skrungloo Farm Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Skrungloo Farm Inc's revenue has grown by 456.4%, moving from $87K to $485K. Total assets increased by 580.9% over the same period, from $1.9M to $13.1M. Total functional expenses rose by 36.8%, from $160K to $218K. In its most recent filing year (2023), Skrungloo Farm Inc reported a surplus of $267K, with revenue exceeding expenses. The organization holds $1 in liabilities against $13.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $485K | $218K | $13.1M | $1 | — | — |
| 2022 | $438K | $219K | $12.9M | $1 | — | View 990 |
| 2021 | $769K | $318K | $12.7M | $1 | — | View 990 |
| 2020 | $393K | $183K | $12.2M | $1 | — | View 990 |
| 2019 | $452K | $218K | $12.0M | $0 | — | View 990 |
| 2015 | $87K | $118K | $1.9M | $0 | — | View 990 |
| 2014 | $146K | $128K | $1.9M | $0 | — | View 990 |
| 2013 | $165K | $154K | $1.9M | $0 | — | View 990 |
| 2012 | $77K | $135K | $1.9M | $0 | — | View 990 |
| 2011 | $87K | $160K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $485K, expenses of $218K, and assets of $13.1M (revenue +10.8% year-over-year).
- 2022: Revenue of $438K, expenses of $219K, and assets of $12.9M (revenue -43.0% year-over-year).
- 2021: Revenue of $769K, expenses of $318K, and assets of $12.7M (revenue +95.4% year-over-year).
- 2020: Revenue of $393K, expenses of $183K, and assets of $12.2M (revenue -12.9% year-over-year).
- 2019: Revenue of $452K, expenses of $218K, and assets of $12.0M (revenue +417.0% year-over-year).
- 2015: Revenue of $87K, expenses of $118K, and assets of $1.9M (revenue -40.1% year-over-year).
- 2014: Revenue of $146K, expenses of $128K, and assets of $1.9M (revenue -11.5% year-over-year).
- 2013: Revenue of $165K, expenses of $154K, and assets of $1.9M (revenue +113.1% year-over-year).
- 2012: Revenue of $77K, expenses of $135K, and assets of $1.9M (revenue -11.3% year-over-year).
- 2011: Revenue of $87K, expenses of $160K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skrungloo Farm Inc:
Data Sources and Methodology
This transparency report for Skrungloo 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.