Turner Farmhouse Foundation

Analysis

Turner Farmhouse Foundation is a registered charity in United States, based in Great Falls, VA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Turner Farmhouse Foundation reported income of $111k and spending of $129k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $111k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 145% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turner Farmhouse Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Heartlight Ministries ($111k), Crossroads Percussion ($111k) and Art & Antiquities Blockchain Consortium Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.