Sprouting Farms Corp
EIN: 813566706 · Talcott, WV · NTEE: K20
| Metric | Value |
|---|---|
| Total Revenue | $306K |
| Total Expenses | $958K |
| Net Assets | $755K |
Is Sprouting Farms Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sprouting Farms Corp
Sprouting Farms Corp (EIN: 813566706) is a nonprofit organization based in Talcott, WV, classified under NTEE code K20. The organization reported total revenue of $306K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sprouting Farms Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sprouting Farms Corp is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 50.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $704K |
| Total Expenses | $958K |
| Surplus / Deficit | $-254,508 |
| Total Assets | $1.3M |
| Total Liabilities | $504K |
| Net Assets | $755K |
| Operating Margin | -36.2% |
| Debt-to-Asset Ratio | 40.0% |
| Months of Reserves | 15.8 months |
Financial Health Grade: B
In 2023, Sprouting Farms Corp reported a deficit of $255K with expenses exceeding revenue, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 40.0% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Sprouting Farms Corp's revenue has grown at a compound annual growth rate (CAGR) of 50.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.4% | -32.5% | -30.7% |
| 2022 | -16.8% | -8.3% | +2.6% |
| 2021 | +22.5% | -1.5% | +14.9% |
| 2020 | +2.3% | +111.9% | +30.9% |
| 2019 | +1443.4% | +1467.1% | +1862.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sprouting Farms Corp 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 Sprouting Farms Corp 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 $255K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.0%.
Frequently Asked Questions about Sprouting Farms Corp
Is Sprouting Farms Corp a legitimate charity?
Sprouting Farms Corp (EIN: 813566706) is a registered tax-exempt nonprofit based in West Virginia. It has 6 years of IRS 990 filings on record. Total revenue: $306K. No red flags identified. Financial health grade: B.
How does Sprouting Farms Corp spend its money?
Sprouting Farms Corp reported $306K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sprouting Farms Corp tax-deductible?
Sprouting Farms Corp is registered as a tax-exempt nonprofit (EIN: 813566706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sprouting Farms Corp located?
Sprouting Farms Corp is headquartered in Talcott, West Virginia and files with the IRS under EIN 813566706. It is classified under NTEE code K20.
How many years of IRS 990 filings does Sprouting Farms Corp have?
Sprouting Farms Corp has 6 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 $306K in total revenue.
Filing History
IRS 990 filing history for Sprouting Farms Corp showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Sprouting Farms Corp's revenue has grown by 665%, moving from $92K to $704K. Total assets increased by 1999% over the same period, from $60K to $1.3M. Total functional expenses rose by 1926.9%, from $47K to $958K. In its most recent filing year (2023), Sprouting Farms Corp reported a deficit of $255K, with expenses exceeding revenue. The organization holds $504K in liabilities against $1.3M in assets (debt-to-asset ratio: 40.0%), resulting in net assets of $755K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $704K | $958K | $1.3M | $504K | — | — |
| 2022 | $1.5M | $1.4M | $1.8M | $807K | — | View 990 |
| 2021 | $1.8M | $1.5M | $1.8M | $822K | — | View 990 |
| 2020 | $1.5M | $1.6M | $1.5M | $823K | — | View 990 |
| 2019 | $1.4M | $741K | $1.2M | $453K | — | View 990 |
| 2018 | $92K | $47K | $60K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $704K, expenses of $958K, and assets of $1.3M (revenue -52.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $1.8M (revenue -16.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.5M, and assets of $1.8M (revenue +22.5% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $1.5M (revenue +2.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $741K, and assets of $1.2M (revenue +1443.4% year-over-year).
- 2018: Revenue of $92K, expenses of $47K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sprouting Farms Corp:
Data Sources and Methodology
This transparency report for Sprouting Farms Corp 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.