Grand Farm Research and Education Initiative Inc

Analysis

Grand Farm Research and Education Initiative Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grand Farm Research and Education Initiative Inc reported income of $11.3m and spending of $1.8m, leaving 84% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 17% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Farm Research and Education Initiative Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within ND. Charities of a similar size with the same main cause include Northeast Center for Youth and Families Inc ($11.3m), Cornerstone Community Action Agency Inc ($11.3m) and Council Services Inc ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $672k. At year end it held assets of $17.2m against liabilities of $4.1m, net assets of $13.0m.