McCoy Farm and Gardens

Analysis

McCoy Farm and Gardens is a registered charity in United States, based in Signal MTN, TN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, McCoy Farm and Gardens reported income of $267k and spending of $263k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $365k to $267k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, McCoy Farm and Gardens sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Kenosha Area Soccer League Inc ($267k), Youngstown Ohio Hockey Organization Yoho ($267k) and Castle Rock Cudas Youth Swim Team ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $73k (28% of expenses). Other salaries and wages came to $31k. At year end it held assets of $239k against liabilities of $2,472, net assets of $237k. It reported 10 employees.