Farm and Food Growth Fund Inc

Analysis

Farm and Food Growth Fund Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, 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, Farm and Food Growth Fund Inc reported income of $60k and spending of $72k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $60k (-55%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Farm and Food Growth Fund Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Relentless Foundation International ($60k), Facing Project Gives Inc ($60k) and Jewish Neighborhood Development Council of Chicago ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $195k against liabilities of $150k, net assets of $45k.