Norwich Farm Foundation Inc

Analysis

Norwich Farm Foundation Inc is a registered charity in United States, based in Norwich, VT. It received its IRS tax-exemption ruling in August 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, Norwich Farm Foundation Inc reported income of $84k and spending of $153k, spending 183% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $240k to $84k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Norwich Farm Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 23rd percentile within VT. Charities of a similar size with the same main cause include Hummelstown Ministerium ($84k), St Johnsbury History & Heritage Center Inc ($84k) and East Ward Community Center Corporation ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $1.0m against liabilities of $905k, net assets of $97k.