Fund for Lachat Town Farm Inc

Analysis

Fund for Lachat Town Farm Inc is a registered charity in United States, based in Weston, CT. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fund for Lachat Town Farm Inc reported income of $238k and spending of $2.1m, spending 866% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.6m to $238k (-93%), an average of -93% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fund for Lachat Town Farm Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Hogfish Maine ($238k), Exposed Brick Theatre ($238k) and Rain Taxi Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $231k against liabilities of $0, net assets of $231k.