Quest Farm Inc

Analysis

Quest Farm Inc is a registered charity in United States, based in Georgetown, KY. It received its IRS tax-exemption ruling in November 1984, 42 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 June 2024, Quest Farm Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $1.9m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quest Farm Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Operation Better Block Inc ($1.9m), Massachusetts Adoption Resource Exchange Inc ($1.9m) and Arc of Jackson County ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $119k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of -$5,743, net assets of $1.6m. It reported 76 employees.