Oko Urban Farms Inc

Analysis

Oko Urban Farms Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2018, 8 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, Oko Urban Farms Inc reported income of $255k and spending of $270k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $255k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oko Urban Farms Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include North Country Honor Flight Inc ($255k), Bridging Tech Charitable Fund ($255k) and Greer Community Outreach Center Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $133k (49% of expenses). At year end it held assets of $105k against liabilities of $105k, net assets of $0. It reported 3 employees.