Practical Farmers of Iowa

Analysis

Practical Farmers of Iowa is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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 September 2023, Practical Farmers of Iowa reported income of $11.5m and spending of $7.5m, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $11.5m (+506%), an average of +57% a year. The sharpest change came in the year to September 2023, when income rose by 121%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Practical Farmers of Iowa sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Coastal Community Action Inc ($11.5m), NC State University Partnership Corporation ($11.5m) and Nreca Research ($11.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $112k (1.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $8.5m against liabilities of $758k, net assets of $7.8m. It reported 50 employees.