Farm of Hope Inc

Analysis

Farm of Hope Inc is a registered charity in United States, based in Hershey, PA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Farm of Hope Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Farm of Hope Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Washington Street Hope Center Inc ($2.0m), Tri-County Community Dental Clinic Inc ($2.0m) and Recovery Is Happening ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 93% of the total. At year end it held assets of $926k against liabilities of $220k, net assets of $706k.