Farm Bureau Inc-stanly County
501(c)(5)
Only null% goes to programs Strong reserves
Farm Bureau Inc-stanly County is a 501(c)(5) organization based in Albemarle, North Carolina, registered in 1964, with $185,803 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1426, Albemarle, NC, 28002 EIN 56-6065267 Since 1964
Revenue (FY2024)
$186K
▲ 2.8% vs prior year
Expenses (FY2024)
$153K
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Farm Bureau Inc-stanly County— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating83 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Farm Bureau Inc-stanly County: 83 mo reserves · +18% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Farm Bureau Inc-stanly County— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Farm Bureau Inc-stanly County: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1426, Albemarle, NC, 28002
- City
- Albemarle
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $131K (FY2013) to $186K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7,474Net assets $1.1M
Operating margin
17.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$7,474
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $185,803▲2.8% | $152,591▲0.3% | $1,061,647▲3.3% | $1,069,121▲4.0% | 990 |
| 2023 | $180,756▲14.9% | $152,189▼2.7% | $1,027,946▲3.8% | $1,027,946▲3.8% | 990 |
| 2022 | $157,250▼11.6% | $156,400▲6.5% | $990,007▼4.2% | $990,007▼4.2% | 990 |
| 2021 | $177,785▲0.2% | $146,915▲10.6% | $1,033,462▲2.4% | $1,033,462▲2.4% | 990 |
| 2020 | $177,475▲6.3% | $132,785▼10.3% | $1,009,426▲5.6% | $1,009,426▲5.6% | 990 |
| 2019 | $166,922▲5.6% | $147,969▼4.5% | $955,585▲3.9% | $955,585▲3.9% | 990 |
| 2018 | $158,034▲5.6% | $154,871▲14.1% | $919,850▼1.4% | $919,850▼1.4% | 990 |
| 2017 | $149,593▼0.3% | $135,683▼1.9% | $932,812▲3.0% | $932,812▲3.0% | 990 |
| 2016 | $150,072▲8.0% | $138,352▲22.9% | $905,733▲2.6% | $905,733▲2.6% | 990 |
| 2014 | $139,016▲5.9% | $112,553▲2.0% | $883,204▲2.4% | $883,204▲2.4% | 990 |
| 2013 | $131,226 | $110,325▼0.4% | $862,756▲2.9% | $862,756▲2.9% | 990 |
| 2012 | — | $110,797▲14.1% | $838,550▲3.1% | $838,550▲3.1% | 990 |
| 2011 | — | $97,097 | $813,123 | $813,123 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Farm Bureau Inc-stanly County a legitimate nonprofit?
- Yes. Farm Bureau Inc-stanly County is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 56-6065267, based in Albemarle, North Carolina.
- What is Farm Bureau Inc-stanly County's EIN?
- Farm Bureau Inc-stanly County's Employer Identification Number (EIN) is 56-6065267.
- How much revenue does Farm Bureau Inc-stanly County report?
- Farm Bureau Inc-stanly County reported $185,803 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Farm Bureau Inc-stanly County have?
- CharityIndex grades Farm Bureau Inc-stanly County C+, based on financial health (reserves and operating margin).
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Data for Farm Bureau Inc-stanly County (EIN 56-6065267) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.