Tapestry Farms

Analysis

Tapestry Farms is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tapestry Farms reported income of $782k and spending of $373k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $782k (+198%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tapestry Farms sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Bright Life Farms Inc ($782k), Womankind Counseling Center ($782k) and American Friends of Toiras Inc ($782k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $47k (13% of expenses). Other salaries and wages came to $93k. At year end it held assets of $559k against liabilities of $14k, net assets of $545k. It reported 9 employees.