Providence Farm Collective Corp

Analysis

Providence Farm Collective Corp is a registered charity in United States, based in Orchard Park, NY. It received its IRS tax-exemption ruling in July 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 December 2023, Providence Farm Collective Corp reported income of $1.3m and spending of $957k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $378k to $1.3m (+251%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 320%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Providence Farm Collective Corp sits at the 79th percentile: it is larger than about 79% 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 Ohio County & Independent Agricultural Societies ($1.3m), Cumbee Center to Assist Abused Persons ($1.3m) and Valle Verde Childrens Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $70k (7.3% of expenses). Other salaries and wages came to $464k. At year end it held assets of $2.9m against liabilities of $30k, net assets of $2.9m. It reported 14 employees.