Wilkes County Farm Bureau
EIN: 566062468 · N Wilkesboro, NC
Is Wilkes County Farm Bureau Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wilkes County Farm Bureau
Wilkes County Farm Bureau (EIN: 566062468) is a nonprofit organization based in N Wilkesboro, NC. The organization reported total revenue of $349K and total assets of $947K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilkes County Farm Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilkes County Farm Bureau is a small nonprofit that has been operating for 63 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $249K |
| Surplus / Deficit | $-1,969 |
| Total Assets | $915K |
| Net Assets | $915K |
| Operating Margin | -0.8% |
| Months of Reserves | 44.0 months |
Financial Health Grade: B
In 2023, Wilkes County Farm Bureau reported a deficit of $2K with expenses exceeding revenue, holds 44.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Wilkes County Farm Bureau's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +12.4% | -0.2% |
| 2022 | +1.7% | +2.6% | -0.6% |
| 2021 | -6.3% | +13.3% | -0.4% |
| 2020 | +0.8% | -11.9% | +4.0% |
| 2019 | +1.2% | +2.8% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wilkes County Farm Bureau 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 Wilkes County Farm Bureau 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 $2K, with expenses exceeding revenue.
Frequently Asked Questions about Wilkes County Farm Bureau
Is Wilkes County Farm Bureau a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilkes County Farm Bureau (EIN: 566062468) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wilkes County Farm Bureau spend its money?
Detailed spending breakdown data is not yet available for Wilkes County Farm Bureau. Check back for updated IRS 990 analysis.
Are donations to Wilkes County Farm Bureau tax-deductible?
Wilkes County Farm Bureau is registered as a tax-exempt nonprofit (EIN: 566062468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Wilkes County Farm Bureau showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Wilkes County Farm Bureau's revenue has declined by 7.2%, moving from $267K to $247K. Total assets increased by 43.2% over the same period, from $639K to $915K. Total functional expenses rose by 11.3%, from $224K to $249K. In its most recent filing year (2023), Wilkes County Farm Bureau reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $249K | $915K | $0 | — | — |
| 2022 | $216K | $222K | $917K | $0 | — | View 990 |
| 2021 | $213K | $216K | $922K | $0 | — | View 990 |
| 2020 | $227K | $191K | $926K | $0 | — | — |
| 2019 | $225K | $217K | $891K | $0 | — | View 990 |
| 2018 | $222K | $211K | $882K | $0 | — | View 990 |
| 2017 | $223K | $208K | $871K | $0 | — | View 990 |
| 2016 | $215K | $213K | $856K | $0 | — | View 990 |
| 2015 | $388K | $198K | $854K | $0 | — | View 990 |
| 2014 | $215K | $185K | $664K | $0 | — | View 990 |
| 2013 | $192K | $158K | $635K | $0 | — | View 990 |
| 2012 | $197K | $155K | $601K | $0 | — | View 990 |
| 2011 | $201K | $150K | $646K | $86K | — | View 990 |
| 2010 | $267K | $224K | $639K | $130K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $249K, and assets of $915K (revenue +14.5% year-over-year).
- 2022: Revenue of $216K, expenses of $222K, and assets of $917K (revenue +1.7% year-over-year).
- 2021: Revenue of $213K, expenses of $216K, and assets of $922K (revenue -6.3% year-over-year).
- 2020: Revenue of $227K, expenses of $191K, and assets of $926K (revenue +0.8% year-over-year).
- 2019: Revenue of $225K, expenses of $217K, and assets of $891K (revenue +1.2% year-over-year).
- 2018: Revenue of $222K, expenses of $211K, and assets of $882K (revenue -0.2% year-over-year).
- 2017: Revenue of $223K, expenses of $208K, and assets of $871K (revenue +3.6% year-over-year).
- 2016: Revenue of $215K, expenses of $213K, and assets of $856K (revenue -44.6% year-over-year).
- 2015: Revenue of $388K, expenses of $198K, and assets of $854K (revenue +80.6% year-over-year).
- 2014: Revenue of $215K, expenses of $185K, and assets of $664K (revenue +11.8% year-over-year).
- 2013: Revenue of $192K, expenses of $158K, and assets of $635K (revenue -2.2% year-over-year).
- 2012: Revenue of $197K, expenses of $155K, and assets of $601K (revenue -2.2% year-over-year).
- 2011: Revenue of $201K, expenses of $150K, and assets of $646K (revenue -24.6% year-over-year).
- 2010: Revenue of $267K, expenses of $224K, and assets of $639K.
Data Sources and Methodology
This transparency report for Wilkes County Farm Bureau 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.