Backyard Growers Inc

Analysis

Backyard Growers Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in June 2015, 11 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 2022, Backyard Growers Inc reported income of $490k and spending of $549k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $305k to $490k (+61%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Backyard Growers Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include City Fruit ($490k), Mercy Housing and Human Development Inc ($490k) and Tryall Fund Jamaica ($490k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $108k (20% of expenses). Other salaries and wages came to $255k. At year end it held assets of $411k against liabilities of $42k, net assets of $369k. It reported 12 employees.