Bullard Memorial Farm Association

Analysis

Bullard Memorial Farm Association is a registered charity in United States, based in North Reading, MA. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bullard Memorial Farm Association reported income of $281k and spending of $144k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $285k to $281k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 255%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bullard Memorial Farm Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Hopewell Music Cooperative-North ($281k), Meteor Films Inc ($281k) and San Diego Winds ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 0.2% of the total. Other salaries and wages came to $34k. At year end it held assets of $5.1m against liabilities of $7,927, net assets of $5.1m. It reported 2 employees.