Friends of Sholan Farms

Analysis

Friends of Sholan Farms is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Friends of Sholan Farms reported income of $270k and spending of $250k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $270k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Sholan Farms sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Community Workshop and Training Center Residentials ($270k), Conscious Humanity Inc ($270k) and Horizons Greater Boston Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 54% of the total. Other salaries and wages came to $82k. At year end it held assets of $362k against liabilities of $6,993, net assets of $355k. It reported 8 employees.