Farm Commons

Analysis

Farm Commons is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Commons reported income of $574k and spending of $577k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $574k (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farm Commons sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Mason Isd Scholarship Foundation ($574k), Jeremy Elliott Scholarship Foundation ($574k) and W E B Dubois Scholars Institute Inc ($573k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $268k. At year end it held assets of $283k against liabilities of $2,471, net assets of $281k. It reported 6 employees.