Socially Responsible Agriculture Project Inc
Socially Responsible Agriculture Project Inc shows consistent revenue growth and zero reported officer compensation.
EIN: 208688122 · Claymont, DE · NTEE: K05 · Updated: 2026-03-28
Is Socially Responsible Agriculture Project Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Socially Responsible Agriculture Project Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Socially Responsible Agriculture Project Inc
Socially Responsible Agriculture Project Inc (EIN: 208688122) is a nonprofit organization based in Claymont, DE, classified under NTEE code K05. The organization reported total revenue of $2.9M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Socially Responsible Agriculture Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Socially Responsible Agriculture Project Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$293K |
| Total Assets | $2.3M |
| Total Liabilities | $78K |
| Net Assets | $2.3M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Socially Responsible Agriculture Project Inc reported a surplus of $293K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Socially Responsible Agriculture Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +11.2% | +13.9% |
| 2022 | -0.7% | +30.9% | +28.3% |
| 2021 | +75.6% | +21.7% | +160.1% |
| 2020 | -16.1% | -10.5% | +26.5% |
| 2019 | +13.1% | -20.4% | +103.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Socially Responsible Agriculture Project Inc with a Mission Score of 95 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Socially Responsible Agriculture Project Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $293K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Socially Responsible Agriculture Project Inc consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This is highly unusual for an organization of its size, with revenues exceeding $2.5 million, and suggests a strong commitment to directing funds entirely towards its mission.
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.
Strengths
The following positive indicators were identified for Socially Responsible Agriculture Project Inc:
- Consistent revenue growth (from $1.4M in 2020 to $2.5M in 2023)
- Zero reported officer compensation across all filings
- Strong asset growth and low liabilities ($2.3M assets vs. $78K liabilities in 2023)
- High program spending efficiency (estimated 88% of expenses)
- Positive net income in recent years (e.g., $293,360 in 2023)
Frequently Asked Questions about Socially Responsible Agriculture Project Inc
Is Socially Responsible Agriculture Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Socially Responsible Agriculture Project Inc (EIN: 208688122) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Socially Responsible Agriculture Project Inc spend its money?
Socially Responsible Agriculture Project Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Socially Responsible Agriculture Project Inc tax-deductible?
Socially Responsible Agriculture Project Inc is registered as a tax-exempt nonprofit (EIN: 208688122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Socially Responsible Agriculture Project Inc a good charity?
Based on its financial data, SRAP appears to be a very good charity. It demonstrates strong financial health with consistent revenue growth (from $1.4M in 2020 to $2.5M in 2023), a healthy asset base ($2.3M in 2023), and remarkably, 0% officer compensation reported across all filings, indicating a high dedication of funds to its mission.
How has SRAP's revenue trended over the last five years?
SRAP's revenue has shown a strong upward trend over the last five years, increasing from $1,426,810 in 2020 to $2,575,278 in 2023, indicating growing support and financial capacity.
What is SRAP's approach to executive compensation?
SRAP reports 0% officer compensation in all available IRS 990 filings, which is an exceptional level of transparency and suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, allowing more funds to be directed to programs.
Does SRAP have a healthy balance sheet?
Yes, SRAP maintains a healthy balance sheet. Its assets have grown significantly, reaching $2,329,965 in 2023, while liabilities remain very low at $78,098, indicating strong financial stability and minimal debt.
Filing History
IRS 990 filing history for Socially Responsible Agriculture Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Socially Responsible Agriculture Project Inc's revenue has grown by 171.3%, moving from $949K to $2.6M. Total assets increased by 1388.4% over the same period, from $157K to $2.3M. Total functional expenses rose by 132.2%, from $983K to $2.3M. In its most recent filing year (2023), Socially Responsible Agriculture Project Inc reported a surplus of $293K, with revenue exceeding expenses. The organization holds $78K in liabilities against $2.3M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.3M | $2.3M | $78K | — | — |
| 2022 | $2.5M | $2.1M | $2.0M | $87K | — | View 990 |
| 2021 | $2.5M | $1.6M | $1.6M | $74K | — | View 990 |
| 2020 | $1.4M | $1.3M | $613K | $40K | — | View 990 |
| 2019 | $1.7M | $1.4M | $485K | $50K | — | View 990 |
| 2018 | $1.5M | $1.8M | $238K | $65K | — | View 990 |
| 2017 | $1.7M | $1.5M | $572K | $5K | — | View 990 |
| 2016 | $1.3M | $1.3M | $367K | $3K | — | View 990 |
| 2015 | $1.3M | $1.2M | $365K | $113 | — | View 990 |
| 2014 | $1.1M | $1.1M | $331K | $-218 | — | View 990 |
| 2013 | $1.1M | $973K | $303K | $259 | — | View 990 |
| 2012 | $1.1M | $1.1M | $154K | $0 | — | View 990 |
| 2011 | $949K | $983K | $157K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.3M, and assets of $2.3M (revenue +3.5% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.1M, and assets of $2.0M (revenue -0.7% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.6M, and assets of $1.6M (revenue +75.6% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $613K (revenue -16.1% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $485K (revenue +13.1% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.8M, and assets of $238K (revenue -11.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $572K (revenue +30.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $367K (revenue +2.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $365K (revenue +10.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $331K (revenue +2.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $973K, and assets of $303K (revenue +6.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $154K (revenue +10.9% year-over-year).
- 2011: Revenue of $949K, expenses of $983K, and assets of $157K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Socially Responsible Agriculture Project Inc:
Data Sources and Methodology
This transparency report for Socially Responsible Agriculture Project 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.