Farms International Inc

Analysis

Farms International Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in April 1967, 59 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 May 2024, Farms International Inc reported income of $256k and spending of $249k, spending 97% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $150k to $256k (+70%), an average of +11% a year. The sharpest change came in the year to May 2024, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Farms International Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Regeneration International ($256k), Gynecologic Cancer Research Foundation Inc ($256k) and Grandmother Project Inc ($255k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $59k (24% of expenses). Other salaries and wages came to $62k. At year end it held assets of $55k against liabilities of $19k, net assets of $36k. It reported 3 employees.