Farms in the Heights

Analysis

Farms in the Heights is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Farms in the Heights reported income of $72k and spending of $83k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $72k (+4.8%), an average of +4.8% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Farms in the Heights sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Community Compass Inc ($72k), Foothill Auxiliary to Peninsula Family Service ($72k) and Venice Lions Club Foundation Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. At year end it held assets of $27k against liabilities of $380, net assets of $26k.