Fernwood Inc

Analysis

Fernwood Inc is a registered charity in United States, based in Niles, MI. It received its IRS tax-exemption ruling in May 1965, 61 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 March 2023, Fernwood Inc reported income of $884k and spending of $1.3m, spending 150% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $714k to $884k (+24%), an average of +5.5% a year. The sharpest change came in the year to March 2021, when income rose by 33%. Over the whole period it spent 121% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Fernwood 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 78th percentile within MI. Charities of a similar size with the same main cause include Bronx Is Blooming ($884k), Merrimack River Watershed Council Inc ($884k) and New Jersey Tree Foundation Inc ($884k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 72% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $80k (6.0% of expenses). Other salaries and wages came to $482k. At year end it held assets of $5.2m against liabilities of $125k, net assets of $5.0m. It reported 27 employees.