Poughkeepsie Farm Project

Analysis

Poughkeepsie Farm Project is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in February 2004, 22 years ago. 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 December 2023, Poughkeepsie Farm Project reported income of $989k and spending of $951k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $989k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poughkeepsie Farm Project sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($989k), Shelter Providers of Houston Inc ($990k) and Growth Philanthropy Network Inc ($989k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $193k (20% of expenses). Other salaries and wages came to $358k. At year end it held assets of $906k against liabilities of $179k, net assets of $727k. It reported 43 employees.