Michael Fields Agricultural Institute Inc

Analysis

Michael Fields Agricultural Institute Inc is a registered charity in United States, based in East Troy, WI. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michael Fields Agricultural Institute Inc reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $2.0m (+912%), an average of +78% a year. The sharpest change came in the year to December 2020, when income rose by 287%. Over the whole period it spent 145% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael Fields Agricultural Institute Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Cerenity Inc ($2.0m), Kkottongnae Inc ($2.0m) and CGLR Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $66k (3.1% of expenses). Other salaries and wages came to $534k. At year end it held assets of $3.3m against liabilities of $364k, net assets of $2.9m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.