F a R M Cafe Inc

Analysis

F a R M Cafe Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in January 2012, 14 years ago. 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 December 2023, F a R M Cafe Inc reported income of $492k and spending of $484k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $492k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, F a R M Cafe Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Sussex Community Crisis Housing Services Inc ($492k), East Greenbush Fire Company Inc ($492k) and Owatonna Youth Hockey Association Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $50k (10% of expenses). Other salaries and wages came to $196k. At year end it held assets of $291k against liabilities of $6,962, net assets of $284k. It reported 10 employees.