Promise Land Farm Ministries

Analysis

Promise Land Farm Ministries is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Promise Land Farm Ministries reported income of $71k and spending of $37k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $71k (+8.9%), an average of +8.9% a year. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Promise Land Farm Ministries sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Go Forth Ministries ($71k), Careactor Inc ($71k) and The Nations Hope Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.