Farm Ministries Inc

Analysis

Farm Ministries Inc is a registered charity in United States, based in Sylacauga, AL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Farm Ministries Inc reported income of $466k and spending of $469k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $466k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farm Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Jack Trottier Foundation Inc ($466k), My Chosen Ones Inc ($466k) and Learning Ladders Incorporated ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $16k against liabilities of $0, net assets of $16k. It reported 1 employees.