Novick Family Urban Farm

Analysis

Novick Family Urban Farm is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Novick Family Urban Farm reported income of $125k and spending of $186k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $125k (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Novick Family Urban Farm sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include Dubois Rodeo Association ($125k), Hannah Brown Community Development Corporation ($125k) and Family Promise of Green County Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $88k. At year end it held assets of $28k against liabilities of $25k, net assets of $2,802. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.