Farmington Area Goodfellows Inc

Analysis

Farmington Area Goodfellows Inc is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Farmington Area Goodfellows Inc reported income of $173k and spending of $133k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $98k to $173k (+76%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farmington Area Goodfellows Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Community Guardians Inc ($173k), Cavetime Inc ($173k) and Gospel to the Nations Inc ($173k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $883k against liabilities of $0, net assets of $883k.