Farm Neck Foundation Inc

Analysis

Farm Neck Foundation Inc is a registered charity in United States, based in Oak Bluffs, MA. It received its IRS tax-exemption ruling in August 1994, 32 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 March 2024, Farm Neck Foundation Inc reported income of $420k and spending of $124k, leaving 70% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $137k to $420k (+207%), an average of +32% a year. The sharpest change came in the year to March 2021, when income rose by 471%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Farm Neck Foundation 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 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Friends of the Domaine de Chantilly Inc ($420k), Margaret E Moul Foundation ($421k) and Pine Tree Housing Agency ($420k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 33% of the total. At year end it held assets of $2.3m against liabilities of $4,775, net assets of $2.3m.