Center for Agricultural and Food Entrepreneurship

Analysis

Center for Agricultural and Food Entrepreneurship is a registered charity in United States, based in Candler, NC. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Center for Agricultural and Food Entrepreneurship reported income of $732k and spending of $444k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $388k to $732k (+88%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Agricultural and Food Entrepreneurship sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Nimiipuu Community Development Fund ($732k), Refill Jackson Initiative ($732k) and Circleville Pumpkin Show Inc ($732k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). Other salaries and wages came to $181k. At year end it held assets of $1.5m against liabilities of $434k, net assets of $1.0m. It reported 9 employees.