Bina Farm Inc

Analysis

Bina Farm Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Bina Farm Inc reported income of $898k and spending of $1.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $898k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bina Farm Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include First Candle Inc ($898k), Support for People with Oral and Head and Neck Cancer Inc ($898k) and Friendship Outpatient & Wellnessservices Inc ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 65% of the total. Other salaries and wages came to $554k. At year end it held assets of $1.4m against liabilities of $614k, net assets of $791k. It reported 39 employees.