Eastie Farm Inc

Analysis

Eastie Farm Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 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, Eastie Farm Inc reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $696k to $1.6m (+134%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastie Farm Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include John Randolph Foundation Support Fund Inc ($1.6m), The Pando Initiative Inc ($1.6m) and Abortion Action Missouri Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $71k (4.4% of expenses). Other salaries and wages came to $527k. At year end it held assets of $3.6m against liabilities of $1.1m, net assets of $2.5m. It reported 53 employees.