Farmington Community Association Inc

Analysis

Farmington Community Association Inc is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Farmington Community Association Inc reported income of $135k and spending of $104k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $135k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Farmington Community Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Bellevue Youth Basketball Association ($135k), Five Cities Youth Football League Inc ($135k) and Screaming Eagles Baseball ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $21k (20% of expenses). At year end it held assets of $812k against liabilities of $9,446, net assets of $803k. It reported 1 employees.