First Ladies Farm and Sanctuary

Analysis

First Ladies Farm and Sanctuary is a registered charity in United States, based in Riverview, FL. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 2022, First Ladies Farm and Sanctuary reported income of $308k and spending of $300k, spending 97% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $208k to $308k (+48%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, First Ladies Farm and Sanctuary 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 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Jindo Love Rescue ($308k), Blind Spot Animal Sanctuary Inc ($308k) and American Cat Society Inc ($308k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $55k (18% of expenses). Other salaries and wages came to $13k. At year end it held assets of $74k against liabilities of $0, net assets of $74k.