Spikenard Farm Inc

Analysis

Spikenard Farm Inc is a registered charity in United States, based in Floyd, VA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Spikenard Farm Inc reported income of $629k and spending of $329k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $629k (+125%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 85% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Spikenard Farm Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Dudley Conservation Land Trust Inc ($629k), Earthworm Inc ($629k) and Northwest Conservation District Inc ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $75k (23% of expenses). Other salaries and wages came to $82k. At year end it held assets of $1.9m against liabilities of $1,779, net assets of $1.8m. It reported 4 employees.