Elk Hill Farm Inc

Analysis

Elk Hill Farm Inc is a registered charity in United States, based in Goochland, VA. It received its IRS tax-exemption ruling in June 1970, 56 years ago. 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 June 2023, Elk Hill Farm Inc reported income of $11.7m and spending of $12.7m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.8m to $11.7m (+8.9%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elk Hill Farm Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Volunteers of America Inc ($11.7m), Abyssinian Development Corporation ($11.7m) and National Center for Public Policy Research Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $675k (5.3% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $8.3m against liabilities of $2.1m, net assets of $6.3m. It reported 239 employees.