Northwest Agriculture Business Center

Analysis

Northwest Agriculture Business Center is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in July 2006, 20 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, Northwest Agriculture Business Center reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $921k to $2.0m (+119%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northwest Agriculture Business Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Kkottongnae Inc ($2.0m), Abilities Unlimited of Fort Smith Inc ($2.0m) and Michael Fields Agricultural Institute Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $133k (7.2% of expenses). Other salaries and wages came to $680k. At year end it held assets of $738k against liabilities of $371k, net assets of $367k. It reported 15 employees.