Farms for Food Equity

Analysis

Farms for Food Equity is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in April 2022, 4 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, Farms for Food Equity reported income of $123k and spending of $106k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $123k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farms for Food Equity sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 36th percentile within ME. Charities of a similar size with the same main cause include Global Academics Org ($123k), Heart of the City Mission Foundation Inc ($123k) and Sikap Foundation Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $39k against liabilities of $12k, net assets of $27k.