Black Farmers Collective

Analysis

Black Farmers Collective is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2023, Black Farmers Collective reported income of $640k and spending of $478k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $208k to $640k (+207%), an average of +75% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Farmers Collective sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Hip Hop Theater Festival Inc ($640k), Floyd County Historical Society Endowment Fund ($640k) and Washakie Museum ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. At year end it held assets of $1.1m against liabilities of $2,526, net assets of $1.1m.