Rusted Gate Farm

Analysis

Rusted Gate Farm is a registered charity in United States, based in Central Point, OR. It received its IRS tax-exemption ruling in January 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 March 2024, Rusted Gate Farm reported income of $336k and spending of $2.4m, spending 711% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $14.1m to $336k (-98%), an average of -61% a year. The sharpest change came in the year to March 2024, when income rose by 432%. Over the whole period it spent 25% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rusted Gate Farm sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within OR. Charities of a similar size with the same main cause include Mission Missouri ($336k), Triad Deaf Services ($336k) and Acord Inc ($336k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 41% and program service revenue 121% of the total. Compensation of current officers, directors and key employees was $120k (5.0% of expenses). Other salaries and wages came to $658k. At year end it held assets of $23.3m against liabilities of $48k, net assets of $23.2m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.