Farmers Legal Action Group Inc

Analysis

Farmers Legal Action Group Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, Farmers Legal Action Group Inc reported income of $897k and spending of $795k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $897k (+130%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farmers Legal Action Group Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Wellmont-Madison House Alzheimers Center of Upper E Tennessee ($897k), Arts and Humanities Council of Tuscaloosa County Inc ($897k) and Lambert House ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $136k (17% of expenses). Other salaries and wages came to $401k. It paid $46k in professional fundraising fees. At year end it held assets of $712k against liabilities of $64k, net assets of $648k. It reported 5 employees.