World Farmers Inc

Analysis

World Farmers Inc is a registered charity in United States, based in Lancaster, MA. It received its IRS tax-exemption ruling in May 2013, 13 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, World Farmers Inc reported income of $2.7m and spending of $1.6m, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $487k to $2.7m (+452%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, World Farmers Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Umbrella of St Johnsbury Inc ($2.7m), Central Massachusetts Area ($2.7m) and SMCWC - Crossroads Housing Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (3.8% of expenses). Other salaries and wages came to $456k. At year end it held assets of $2.5m against liabilities of $630k, net assets of $1.8m. It reported 17 employees.