Farm Foundation

Analysis

Farm Foundation is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in August 2009, 17 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 (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, Farm Foundation reported income of $4.7m and spending of $3.7m, leaving 20% of income unspent that year. Across the 6 years on record, from April 2019 to December 2023, income grew from $2.4m to $4.7m (+99%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farm Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Harlem Dowling Westside Center Children and Family Services ($4.7m), Guardian Trust Foundation Inc ($4.7m) and Womens Center for Advancement ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $572k (15% of expenses). Other salaries and wages came to $936k. At year end it held assets of $5.1m against liabilities of $963k, net assets of $4.2m. It reported 13 employees.