Carolina Farm Stewardship Association

Analysis

Carolina Farm Stewardship Association is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in March 1989, 37 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 December 2023, Carolina Farm Stewardship Association reported income of $5.1m and spending of $5.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $5.1m (+109%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 309%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carolina Farm Stewardship Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Boy Scouts of America ($5.1m), Laramie County Community College Foundation ($5.1m) and John Locke Foundation Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $140k (2.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $738k, net assets of $748k. It reported 29 employees.