Eldorado Farm Inc

Analysis

Eldorado Farm Inc is a registered charity in United States, based in Mechanicsvlle, MD. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Eldorado Farm Inc reported income of $290k and spending of $163k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $135k to $290k (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 69% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Eldorado Farm Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Hope Animal Rescue ($289k), Valley Animal Haven & Adoption Center ($290k) and Mikeys Chance ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Other salaries and wages came to $95k. At year end it held assets of $135k against liabilities of $0, net assets of $135k. It reported 7 employees.