Ladybug Farm Sanctuary Inc

Analysis

Ladybug Farm Sanctuary Inc is a registered charity in United States, based in Odessa, FL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Ladybug Farm Sanctuary Inc reported income of $77k and spending of $88k, spending 114% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $34k to $77k (+126%), an average of +126% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ladybug Farm Sanctuary Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Capstone Foundation ($77k), Neighbors Store Inc ($77k) and Miracles of Faith Ministries ($77k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $24k. At year end it held assets of $7,347 against liabilities of $254, net assets of $7,093. It reported 4 employees.