Osamequin Farm Inc

Analysis

Osamequin Farm Inc is a registered charity in United States, based in Seekonk, MA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Osamequin Farm Inc reported income of $242k and spending of $227k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $317k to $242k (-24%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Osamequin Farm Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Fort Collins Community Action Network ($242k), Horse N Around Therapeutic Riding Center ($242k) and Dor-Tran Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $45k (20% of expenses). Other salaries and wages came to $72k. At year end it held assets of $118k against liabilities of $0, net assets of $118k. It reported 12 employees.