Veterans Healing Farm

Analysis

Veterans Healing Farm is a registered charity in United States, based in Mills River, NC. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Veterans Healing Farm reported income of $402k and spending of $296k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $402k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Healing Farm sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Southern Oregon Repertory Singers Inc ($402k), Harrisburg Bible Forum Inc ($402k) and Pregnancy Support Group of Woodland Inc Crisis Pregnancy Hotline ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $40k (13% of expenses). Other salaries and wages came to $76k. It paid $2,514 in professional fundraising fees. At year end it held assets of $439k against liabilities of $9,937, net assets of $429k. It reported 6 employees.