Main Stay Therapeutic Farm Inc

Analysis

Main Stay Therapeutic Farm Inc is a registered charity in United States, based in Richmond, IL. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Main Stay Therapeutic Farm Inc reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $768k to $1.3m (+70%), an average of +14% a year. The sharpest change came in the year to October 2021, when income rose by 37%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Main Stay Therapeutic 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 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Thermal Belt Outreach Ministry ($1.3m), Missouri-Madison River TR ($1.3m) and His Harvest Stand ($1.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $105k (8.4% of expenses). Other salaries and wages came to $624k. At year end it held assets of $6.3m against liabilities of $65k, net assets of $6.3m. It reported 29 employees.