Woolly Farms Foundation
EIN: 852902666 · Meriden, KS · NTEE: B28
| Metric | Value |
|---|---|
| Total Revenue | $298K |
| Total Expenses | $322K |
| Net Assets | $-8,654 |
Is Woolly Farms Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Woolly Farms Foundation
Woolly Farms Foundation (EIN: 852902666) is a nonprofit organization based in Meriden, KS, classified under NTEE code B28. The organization reported total revenue of $298K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woolly Farms Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woolly Farms Foundation is a small nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 39.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $322K |
| Surplus / Deficit | $-111,978 |
| Total Assets | $41K |
| Total Liabilities | $50K |
| Net Assets | $-8,654 |
| Operating Margin | -53.3% |
| Debt-to-Asset Ratio | 121.0% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, Woolly Farms Foundation reported a deficit of $112K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 121.0% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Woolly Farms Foundation's revenue has grown at a compound annual growth rate (CAGR) of 39.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.4% | +245.7% | -62.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Woolly Farms Foundation 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 Woolly Farms Foundation 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 $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 121.0%.
Frequently Asked Questions about Woolly Farms Foundation
Is Woolly Farms Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Woolly Farms Foundation (EIN: 852902666) insufficient data. 0 red flags identified, 0 strengths noted.
How does Woolly Farms Foundation spend its money?
Detailed spending breakdown data is not yet available for Woolly Farms Foundation. Check back for updated IRS 990 analysis.
Are donations to Woolly Farms Foundation tax-deductible?
Woolly Farms Foundation is registered as a tax-exempt nonprofit (EIN: 852902666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Woolly Farms Foundation located?
Woolly Farms Foundation is headquartered in Meriden, Kansas and files with the IRS under EIN 852902666. It is classified under NTEE code B28.
How many years of IRS 990 filings does Woolly Farms Foundation have?
Woolly Farms Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $298K in total revenue.
Filing History
IRS 990 filing history for Woolly Farms Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Woolly Farms Foundation's revenue has grown by 39.4%, moving from $151K to $210K. Total assets decreased by 62.7% over the same period, from $110K to $41K. Total functional expenses rose by 245.7%, from $93K to $322K. In its most recent filing year (2023), Woolly Farms Foundation reported a deficit of $112K, with expenses exceeding revenue. The organization holds $50K in liabilities against $41K in assets (debt-to-asset ratio: 121.0%), resulting in net assets of $-8,654.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $322K | $41K | $50K | — | — |
| 2022 | $151K | $93K | $110K | $15K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woolly Farms Foundation:
Data Sources and Methodology
This transparency report for Woolly Farms Foundation 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.