Carnation Farms

Analysis

Carnation Farms is a registered charity in United States, based in Carnation, WA. It received its IRS tax-exemption ruling in September 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, Carnation Farms reported income of $3.3m and spending of $3.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $3.3m (-17%), an average of -4.6% a year. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carnation Farms sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Stonewall Sports Inc ($3.3m), Capital City Shining Stars ($3.3m) and Philly Races Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $245k (6.8% of expenses). Other salaries and wages came to $1.1m. It paid $55k in professional fundraising fees. At year end it held assets of $2.7m against liabilities of $1.0m, net assets of $1.6m. It reported 23 employees.