Asheville Farmstead School Inc

Analysis

Asheville Farmstead School Inc is a registered charity in United States, based in Candler, NC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Asheville Farmstead School Inc reported income of $295k and spending of $344k, spending 116% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $252k to $295k (+17%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asheville Farmstead School Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Dar Al Huda ($295k), Wildflower Foundation ($295k) and Grand Ledge Music Booster Association ($295k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $48k (14% of expenses). Other salaries and wages came to $209k. At year end it held assets of $100k against liabilities of $63k, net assets of $36k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.