Friends of the Academy at the Farm Inc

Analysis

Friends of the Academy at the Farm Inc is a registered charity in United States, based in Dade City, FL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Academy at the Farm Inc reported income of $157k and spending of $174k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $131k to $157k (+19%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Academy at the Farm Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Community Library of Northern Williamson County ($157k), Acec California Scholarship Foundation ($157k) and San Martin Home and School Club Inc ($157k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.4% of the total. At year end it held assets of $10k against liabilities of $16k, net assets of -$5,695.