Historic Johnson Farm Foundation Inc

Analysis

Historic Johnson Farm Foundation Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Historic Johnson Farm Foundation Inc reported income of $71k and spending of $85k, spending 119% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $128k to $71k (-44%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Johnson Farm Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Fulton Chain of Lakes Performing Arts Council Inc ($71k), White County Historical & Civic Improvement Membership Corp ($71k) and Phyllis and Mark Leppert Foundation for Fertility Research ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 43% of the total. At year end it held assets of $355k against liabilities of $0, net assets of $355k.