Northeast Organic Farming Association of Vermont

Analysis

Northeast Organic Farming Association of Vermont is a registered charity in United States, based in Richmond, VT. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Northeast Organic Farming Association of Vermont reported income of $7.0m and spending of $6.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $7.0m (+151%), an average of +26% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northeast Organic Farming Association of Vermont sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Marthas Vineyard Museum Inc ($7.0m), Dreamyard Project Inc ($7.0m) and Arts Partnership ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $241k (3.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.5m against liabilities of $1.0m, net assets of $5.5m. It reported 42 employees.