Farmhouse Foundation

Analysis

Farmhouse Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 1966, 60 years ago. 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 June 2024, Farmhouse Foundation reported income of $3.7m and spending of $2.6m, leaving 28% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $903k to $3.7m (+305%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 149%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farmhouse Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Southwestern Academy ($3.7m), Lumen Christi Institute ($3.7m) and Queensborough Community College Auxiliary Enterprise Assoc Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $187k (7.1% of expenses). Other salaries and wages came to $217k. At year end it held assets of $28.6m against liabilities of $451k, net assets of $28.2m. It reported 5 employees.