Codman Community Farms Inc

Analysis

Codman Community Farms Inc is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Codman Community Farms Inc reported income of $2.1m and spending of $972k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $868k to $2.1m (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Codman Community Farms Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Damiano of Duluth Inc ($2.1m), Moceans Center for Independent Living Inc ($2.1m) and Families First Parenting Programs Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $542k. At year end it held assets of $5.0m against liabilities of $119k, net assets of $4.9m. It reported 18 employees.