Salvation Farms Inc

Analysis

Salvation Farms Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Salvation Farms Inc reported income of $871k and spending of $868k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $630k to $871k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salvation Farms Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within VT. Charities of a similar size with the same main cause include Meals on Wheels South Texas ($871k), Childrens Garden Early Learning Center Inc ($871k) and Same As U Inc ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $77k (8.9% of expenses). At year end it held assets of $805k against liabilities of $371k, net assets of $433k. It reported 9 employees.