Wellington Farm Park Inc

Analysis

Wellington Farm Park Inc is a registered charity in United States, based in Grayling, MI. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Wellington Farm Park Inc reported income of $68k and spending of $66k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $23k to $68k (+198%), an average of +73% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wellington Farm Park Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include Friends of Joe W Brown Memorial Park & Louisiana Nature Center ($68k), Returning Soldiers Speak ($68k) and Our Song ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 22% of the total. At year end it held assets of $91k against liabilities of $147k, net assets of -$56k.