Purpose Farm Inc

Analysis

Purpose Farm Inc is a registered charity in United States, based in Baldwinsville, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, Purpose Farm Inc reported income of $145k and spending of $223k, spending 154% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $510k to $145k (-72%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Purpose Farm Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Petra Foundation Inc ($145k), Taunton Area Community Table Inc ($145k) and Dwelling Place of Vermilion County ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.