Rio Grande Community Farms

Analysis

Rio Grande Community Farms is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1998, 28 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, Rio Grande Community Farms reported income of $196k and spending of $169k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $196k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rio Grande Community Farms sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NM. Charities of a similar size with the same main cause include Grace and Mercy Community Outreach Inc ($196k), Neighborhood Connection Inc ($196k) and Our Daily Bread Soup Kitchen Foundation ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $55k (32% of expenses). Other salaries and wages came to $27k. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 3 employees.