Nazareth Farm Inc

Analysis

Nazareth Farm Inc is a registered charity in United States, based in Salem, WV. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Nazareth Farm Inc reported income of $366k and spending of $358k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $376k to $366k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to September 2021, when income rose by 213%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nazareth Farm Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WV. Charities of a similar size with the same main cause include Fair Housing Continuum Inc ($366k), Santa Monica New Hope Courtyard Apartments ($366k) and Veterans Villages Inc ($366k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $11k (3.1% of expenses). Other salaries and wages came to $62k. At year end it held assets of $1.3m against liabilities of $61k, net assets of $1.3m. It reported 8 employees.