Sandhills Aginnovation Center Inc

Analysis

Sandhills Aginnovation Center Inc is a registered charity in United States, based in Rockingham, NC. It received its IRS tax-exemption ruling in June 2020, 6 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 February 2024, Sandhills Aginnovation Center Inc reported income of $519k and spending of $616k, spending 119% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $94k to $519k (+453%), an average of +53% a year. The sharpest change came in the year to February 2021, when income rose by 418%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sandhills Aginnovation Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Koinonia House National Ministries Inc ($519k), New Vision Renewable Energy Inc ($519k) and Farming 4 Hunger Inc ($519k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $89k. At year end it held assets of $492k against liabilities of $1,097, net assets of $491k. It reported 3 employees.