Gorman Heritage Farm Foundation

Analysis

Gorman Heritage Farm Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Gorman Heritage Farm Foundation reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Gorman Heritage Farm Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Capitol Reef Natural History Association ($1.2m), Ecoventures International Inc ($1.2m) and 1000 Friends of Oregon ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $83k (6.2% of expenses). Other salaries and wages came to $647k. At year end it held assets of $2.9m against liabilities of $452k, net assets of $2.5m. It reported 45 employees.