Soul Fire Farm Institute Inc

Analysis

Soul Fire Farm Institute Inc is a registered charity in United States, based in Petersburg, NY. It received its IRS tax-exemption ruling in April 2016, 10 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, Soul Fire Farm Institute Inc reported income of $3.4m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.4m (+134%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 439%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soul Fire Farm Institute Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Family Focus Inc ($3.4m), East Toledo Family Center Inc ($3.4m) and Riverbrook Residence Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $241k (11% of expenses). Other salaries and wages came to $756k. At year end it held assets of $16.1m against liabilities of $469k, net assets of $15.7m. It reported 21 employees.