Benevolence Farm

Analysis

Benevolence Farm is a registered charity in United States, based in Graham, NC. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Benevolence Farm reported income of $583k and spending of $559k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $224k to $583k (+161%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Benevolence Farm sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Ozark Housing Development Inc ($583k), 16 Dutch Housing Development Fundcorp ($583k) and Retail Store Employees Building Corporation ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 18% of the total. Other salaries and wages came to $310k. At year end it held assets of $411k against liabilities of $12k, net assets of $399k. It reported 7 employees.