Farmers Charitable Foundation

Analysis

Farmers Charitable Foundation is a registered charity in United States, based in Canfield, OH. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Farmers Charitable Foundation reported income of $1.4m and spending of $852k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $883k to $1.4m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 409%. Over the whole period it spent 19% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Farmers Charitable Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include John Muir Mt Diablo Community Health Fund ($1.4m), Fort Smith Public Library Endowment TR ($1.4m) and United Compassion Fund Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $9.6m against liabilities of $0, net assets of $9.6m.