Wolfes Neck Farm Foundation Inc

Analysis

Wolfes Neck Farm Foundation Inc is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wolfes Neck Farm Foundation Inc reported income of $8.1m and spending of $6.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $8.1m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wolfes Neck Farm Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include Momsrising Education Fund ($8.1m), Shalom Orlando Inc ($8.1m) and The Forum for Youth Investment ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $119k (1.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $18.0m against liabilities of $4.8m, net assets of $13.2m. It reported 113 employees.