First Fruits Farm Inc

Analysis

First Fruits Farm Inc is a registered charity in United States, based in Freeland, MD. It received its IRS tax-exemption ruling in July 2005, 21 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, First Fruits Farm Inc reported income of $4.6m and spending of $1.8m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $4.6m (+265%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Fruits Farm Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Turnaround Inc ($4.6m), Caddo Council on Aging ($4.6m) and Family Service of Rochester Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $804k. At year end it held assets of $7.4m against liabilities of $66k, net assets of $7.3m. It reported 21 employees.