G D L Farms Corporation

Analysis

G D L Farms Corporation is a registered charity in United States, based in Hatboro, PA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 May 2023, G D L Farms Corporation reported income of $10.1m and spending of $13.7m, spending 136% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $9.4m to $10.1m (+8.2%), an average of +2.0% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, G D L Farms Corporation 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 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Northwest Childrens Home Inc ($10.1m), Health Promotion Council of Southeastern Pennsylvania Inc ($10.1m) and Master Provisions Inc ($10.1m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $50.5m against liabilities of $39.7m, net assets of $10.7m. It reported 153 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.