Sprout City Farms Inc
EIN: 352415295 · Denver, CO · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $952K |
| Total Expenses | $966K |
| Net Assets | $600K |
Is Sprout City Farms Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sprout City Farms Inc
Sprout City Farms Inc (EIN: 352415295) is a nonprofit organization based in Denver, CO, classified under NTEE code K30. The organization reported total revenue of $952K and total assets of $549K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sprout City Farms Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sprout City Farms Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $958K |
| Total Expenses | $966K |
| Surplus / Deficit | $-8,139 |
| Total Assets | $630K |
| Total Liabilities | $29K |
| Net Assets | $600K |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 7.8 months |
Financial Health Grade: B
In 2023, Sprout City Farms Inc reported a deficit of $8K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Sprout City Farms Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.6% | +42.1% | +17.6% |
| 2022 | +56.2% | +42.1% | +51.8% |
| 2021 | +7.2% | +32.9% | +22.8% |
| 2020 | +106.6% | +75.9% | +174.8% |
| 2019 | +28.8% | -0.5% | +77.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sprout City Farms 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 Sprout City Farms 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.7%.
Frequently Asked Questions about Sprout City Farms Inc
Is Sprout City Farms Inc a legitimate charity?
Sprout City Farms Inc (EIN: 352415295) is a registered tax-exempt nonprofit based in Colorado. It has 10 years of IRS 990 filings on record. Total revenue: $952K. No red flags identified. Financial health grade: B.
How does Sprout City Farms Inc spend its money?
Sprout City Farms Inc reported $952K 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 Sprout City Farms Inc tax-deductible?
Sprout City Farms Inc is registered as a tax-exempt nonprofit (EIN: 352415295). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sprout City Farms Inc located?
Sprout City Farms Inc is headquartered in Denver, Colorado and files with the IRS under EIN 352415295. It is classified under NTEE code K30.
How many years of IRS 990 filings does Sprout City Farms Inc have?
Sprout City Farms 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 $952K in total revenue.
Filing History
IRS 990 filing history for Sprout City Farms Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Sprout City Farms Inc's revenue has grown by 388.6%, moving from $196K to $958K. Total assets increased by 652.3% over the same period, from $84K to $630K. Total functional expenses rose by 487.7%, from $164K to $966K. In its most recent filing year (2023), Sprout City Farms Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $29K in liabilities against $630K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $600K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $958K | $966K | $630K | $29K | — | — |
| 2022 | $836K | $680K | $536K | $64K | — | View 990 |
| 2021 | $535K | $479K | $353K | $41K | — | View 990 |
| 2020 | $499K | $360K | $287K | $35K | — | View 990 |
| 2019 | $242K | $205K | $105K | $-8,232 | — | View 990 |
| 2018 | $188K | $206K | $59K | $3K | — | View 990 |
| 2017 | $259K | $214K | $76K | $2K | — | — |
| 2016 | $205K | $226K | $32K | $3K | — | View 990 |
| 2015 | $141K | $172K | $53K | $3K | — | View 990 |
| 2014 | $196K | $164K | $84K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $958K, expenses of $966K, and assets of $630K (revenue +14.6% year-over-year).
- 2022: Revenue of $836K, expenses of $680K, and assets of $536K (revenue +56.2% year-over-year).
- 2021: Revenue of $535K, expenses of $479K, and assets of $353K (revenue +7.2% year-over-year).
- 2020: Revenue of $499K, expenses of $360K, and assets of $287K (revenue +106.6% year-over-year).
- 2019: Revenue of $242K, expenses of $205K, and assets of $105K (revenue +28.8% year-over-year).
- 2018: Revenue of $188K, expenses of $206K, and assets of $59K (revenue -27.5% year-over-year).
- 2017: Revenue of $259K, expenses of $214K, and assets of $76K (revenue +26.2% year-over-year).
- 2016: Revenue of $205K, expenses of $226K, and assets of $32K (revenue +45.8% year-over-year).
- 2015: Revenue of $141K, expenses of $172K, and assets of $53K (revenue -28.2% year-over-year).
- 2014: Revenue of $196K, expenses of $164K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sprout City Farms Inc:
Data Sources and Methodology
This transparency report for Sprout City Farms 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.