490 Farmers Inc

Analysis

490 Farmers Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 490 Farmers Inc reported income of $105k and spending of $98k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $105k (-7.5%), an average of -7.5% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 490 Farmers Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include The Philadelphia Fashion Incubator ($105k), Pathways to Excellence Incorporated ($105k) and Go Collaberative ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.