Good Will Farm Association

Analysis

Good Will Farm Association is a registered charity in United States, based in Houghton, MI. It received its IRS tax-exemption ruling in June 1938, 88 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Good Will Farm Association reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Good Will Farm Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include P U R E Youth Athletics Alliance ($2.1m), Camp Fire ($2.2m) and Orange County Soccer Club Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 5.5% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $7.5m against liabilities of $288k, net assets of $7.2m. It reported 48 employees.