Ioof Farmersville Cemetery Association

Analysis

Ioof Farmersville Cemetery Association is a registered charity in United States, based in Farmersville, TX. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 June 2024, Ioof Farmersville Cemetery Association reported income of $86k and spending of $33k, leaving 61% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $86k (+23%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ioof Farmersville Cemetery Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include The Friends of the Kinnelon Public Library ($86k), Bart Conner Educational Programs ($86k) and Fort Mill High School Athletic Booster Club ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 71% of the total. At year end it held assets of $454k against liabilities of $0, net assets of $454k.