Sky Farm Inc
Sky Farm Inc. maintains stable finances with no reported officer compensation, though recent expenses exceeded revenue.
EIN: 220731923 · Basking Ridge, NJ · Updated: 2026-03-28
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Sky Farm Inc is mapped to EIN 220731923.
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14 stored filing years available.
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Triggered by: program expense ratio, CEO salary, revenue, grants
85% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $353K |
| Total Expenses | $381K |
| Program Spending | 85% |
| Net Assets | $200K |
| Transparency Score | 88/100 |
Search Intent Cockpit
Sky Farm Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Sky Farm Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sky Farm Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $341K and expenses of $381K.
Revenue and Expenses
Sky Farm Inc reported $341K in revenue and $381K in expenses, a deficit of $40K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
88/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Sky Farm Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $324K (85%) |
Across stored filings, Sky Farm Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
Trust Check
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Basking Ridge, NJ nonprofitsFollow the Money
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Sky Farm Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sky Farm Inc
Sky Farm Inc (EIN: 220731923) is a nonprofit organization based in Basking Ridge, NJ. The organization reported total revenue of $353K and total assets of $280K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sky Farm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sky Farm Inc is a small nonprofit that has been operating for 84 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $341K |
| Total Expenses | $381K |
| Surplus / Deficit | $-39,919 |
| Total Assets | $214K |
| Total Liabilities | $15K |
| Net Assets | $200K |
| Operating Margin | -11.7% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2024, Sky Farm Inc reported a deficit of $40K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Sky Farm Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.4% | +24.9% | -18.6% |
| 2023 | -5.2% | +2.3% | -1.0% |
| 2022 | +11.4% | +15.6% | +10.7% |
| 2021 | +4.6% | +7.2% | +6.6% |
| 2020 | -0.5% | -3.4% | +34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Sky Farm Inc with a Mission Score of 88 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, Sky 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.8%.
Executive Compensation Analysis
Sky Farm Inc. consistently reports 0% officer compensation across all 14 available filings, indicating that executive leadership is not compensated through traditional officer salaries, which is highly favorable for resource allocation.
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 Sky Farm Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent 202409 filing ($381,307 vs $341,388), indicating a deficit for that period.
Strengths
The following positive indicators were identified for Sky Farm Inc:
- Consistent 0% officer compensation across all 14 filings, indicating high efficiency and dedication to mission.
- Long history of consistent IRS 990 filings (14 filings), demonstrating strong transparency.
- Assets have shown consistent growth over the past decade, from $143,125 in 201509 to $214,317 in 202409.
- Liabilities have remained low relative to assets, indicating sound financial management and minimal debt burden.
Frequently Asked Questions about Sky Farm Inc
Is Sky Farm Inc a legitimate charity?
Sky Farm Inc (EIN: 220731923) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 88/100. It has 14 years of IRS 990 filings on record. Total revenue: $353K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Sky Farm Inc spend its money?
Sky Farm Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sky Farm Inc tax-deductible?
Sky Farm Inc is registered as a tax-exempt nonprofit (EIN: 220731923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sky Farm Inc's spending goes to programs?
Sky Farm Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sky Farm Inc located?
Sky Farm Inc is headquartered in Basking Ridge, New Jersey and files with the IRS under EIN 220731923.
How many years of IRS 990 filings does Sky Farm Inc have?
Sky Farm Inc has 14 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 $353K in total revenue.
Is Sky Farm Inc. financially stable?
Yes, Sky Farm Inc. appears generally stable, with assets growing from $143,125 in 201509 to $214,317 in 202409. While the 202409 filing showed expenses ($381,307) exceeding revenue ($341,388), this is an isolated deficit within a trend of balanced or surplus operations.
How does Sky Farm Inc. manage executive compensation?
Sky Farm Inc. reports 0% officer compensation in all available IRS 990 filings, suggesting that its leadership is either volunteer or compensated through non-officer roles, which is a strong indicator of efficient resource use.
What is the trend in Sky Farm Inc.'s revenue and expenses?
Revenue has generally increased over the past decade, from $241,317 in 201509 to $341,388 in 202409. Expenses have largely tracked revenue, with most years showing a surplus or near-balance, except for the 202409 period where expenses slightly outpaced revenue.
Are Sky Farm Inc.'s assets growing?
Yes, the organization's assets have shown a positive growth trend, increasing from $143,125 in 201509 to $214,317 in 202409, indicating a healthy accumulation of resources.
Filing History
IRS 990 filing history for Sky Farm Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Sky Farm Inc's revenue has grown by 77%, moving from $193K to $341K. Total assets increased by 57.5% over the same period, from $136K to $214K. Total functional expenses rose by 88.1%, from $203K to $381K. In its most recent filing year (2024), Sky Farm Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $15K in liabilities against $214K in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $200K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $341K | $381K | $214K | $15K | — | — |
| 2023 | $304K | $305K | $263K | $24K | — | View 990 |
| 2022 | $320K | $298K | $266K | $25K | — | View 990 |
| 2021 | $288K | $258K | $240K | $21K | — | — |
| 2020 | $275K | $241K | $225K | $36K | — | — |
| 2019 | $276K | $249K | $167K | $12K | — | View 990 |
| 2018 | $267K | $287K | $133K | $4K | — | View 990 |
| 2017 | $266K | $269K | $158K | $9K | — | View 990 |
| 2016 | $253K | $238K | $157K | $5K | — | View 990 |
| 2015 | $241K | $232K | $143K | $7K | — | View 990 |
| 2014 | $232K | $234K | $129K | $2K | — | View 990 |
| 2013 | $273K | $278K | $139K | $11K | — | View 990 |
| 2012 | $232K | $230K | $146K | $13K | — | View 990 |
| 2011 | $193K | $203K | $136K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $341K, expenses of $381K, and assets of $214K (revenue +12.4% year-over-year).
- 2023: Revenue of $304K, expenses of $305K, and assets of $263K (revenue -5.2% year-over-year).
- 2022: Revenue of $320K, expenses of $298K, and assets of $266K (revenue +11.4% year-over-year).
- 2021: Revenue of $288K, expenses of $258K, and assets of $240K (revenue +4.6% year-over-year).
- 2020: Revenue of $275K, expenses of $241K, and assets of $225K (revenue -0.5% year-over-year).
- 2019: Revenue of $276K, expenses of $249K, and assets of $167K (revenue +3.3% year-over-year).
- 2018: Revenue of $267K, expenses of $287K, and assets of $133K (revenue +0.5% year-over-year).
- 2017: Revenue of $266K, expenses of $269K, and assets of $158K (revenue +5.0% year-over-year).
- 2016: Revenue of $253K, expenses of $238K, and assets of $157K (revenue +5.0% year-over-year).
- 2015: Revenue of $241K, expenses of $232K, and assets of $143K (revenue +3.9% year-over-year).
- 2014: Revenue of $232K, expenses of $234K, and assets of $129K (revenue -15.0% year-over-year).
- 2013: Revenue of $273K, expenses of $278K, and assets of $139K (revenue +17.6% year-over-year).
- 2012: Revenue of $232K, expenses of $230K, and assets of $146K (revenue +20.5% year-over-year).
- 2011: Revenue of $193K, expenses of $203K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sky Farm Inc:
Data Sources and Methodology
This transparency report for Sky 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.