Agricultural Development Fund

Analysis

Agricultural Development Fund is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 March 2024, Agricultural Development Fund reported income of $595k and spending of $239k, leaving 60% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $5.3m to $595k (-89%), an average of -42% a year. The sharpest change came in the year to March 2022, when income rose by 9313%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agricultural Development Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Serenity Inc ($595k), Nami Cape Cod Inc ($595k) and Habitat for Humanity International Inc ($595k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.