Space on the Farm Inc

Analysis

Space on the Farm Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Space on the Farm Inc reported income of $545k and spending of $1.1m, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $545k (-76%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Space on the Farm Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Fort Dobbs Alliance Inc ($545k), Skylight Theatre Company ($545k) and San Francisco Italian Athletic Club Foundation ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $272k (25% of expenses). Other salaries and wages came to $355k. At year end it held assets of $942k against liabilities of $685k, net assets of $258k. It reported 16 employees.