Veterans Farm of North Carolina

Analysis

Veterans Farm of North Carolina is a registered charity in United States, based in Cameron, NC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, 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, Veterans Farm of North Carolina reported income of $433k and spending of $330k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $153k to $433k (+184%), an average of +68% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veterans Farm of North Carolina sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Household of Faith Arlingtoncharities ($433k), Uncover KC ($433k) and Butterfly Hill Nature Preschool Inc ($433k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (34% of expenses). Other salaries and wages came to $74k. At year end it held assets of $201k against liabilities of $0, net assets of $201k. It reported 3 employees.