Farm Team Inc

Analysis

Farm Team Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in July 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, Farm Team Inc reported income of $126k and spending of $52k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $226k to $126k (-45%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farm Team Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Higher Up Ministries ($125k), Center for Regional Prosperity ($126k) and El Buen Pastor Fund ($125k).

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 $193k against liabilities of $0, net assets of $193k.