Farms Work Wonders Corporation

Analysis

Farms Work Wonders Corporation is a registered charity in United States, based in Wardensville, WV. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Farms Work Wonders Corporation reported income of $3.4m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.4m (+103%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farms Work Wonders Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WV. Charities of a similar size with the same main cause include Quincy After School Child Care Inc ($3.4m), Andys Outreach Fund Inc ($3.4m) and Rose Family Creative Empowerment Center Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $746k against liabilities of $209k, net assets of $537k. It reported 125 employees.