Gofarm

Analysis

Gofarm is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in August 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 2023, Gofarm reported income of $1.4m and spending of $1.1m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $479k to $1.4m (+185%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gofarm sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Williamsbridge NAACP Early Childhood Education Center ($1.4m), John Knox Village of Florida Foundation Inc ($1.4m) and Floridas Children First Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $128k (12% of expenses). Other salaries and wages came to $393k. It paid $18k in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $2.1m, net assets of $533k. It reported 20 employees.