Farm Training Collective NYC Inc

Analysis

Farm Training Collective NYC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Training Collective NYC Inc reported income of $1.4m and spending of $1.4m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $1.4m (+2963%), an average of +135% a year. The sharpest change came in the year to December 2020, when income rose by 765%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farm Training Collective NYC Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Bright Beginnings Family Childcare Inc ($1.4m), Foundation for Educational and Developmental Opportunity Inc ($1.4m) and Educating Students Together Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $69k (4.8% of expenses). Other salaries and wages came to $631k. At year end it held assets of $757k against liabilities of $96k, net assets of $660k. It reported 14 employees.