Farming Hope

Analysis

Farming Hope is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Farming Hope reported income of $3.2m and spending of $2.7m, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $3.2m (+162%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Farming Hope sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Jersey Cape Diagnostic Training and Opportunity Center Inc ($3.2m), Wayne Opportunity Center Inc ($3.2m) and Connections to Success Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $193k (7.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.4m against liabilities of $2.1m, net assets of $1.3m. It reported 78 employees.