Farms Country Club Foundation Inc

Analysis

Farms Country Club Foundation Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Farms Country Club Foundation Inc reported income of $92k and spending of $74k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $92k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Farms Country Club Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within CT. Charities of a similar size with the same main cause include Lincolnway Special Recreation Foundation ($92k), Agribusiness Association of Iowa Foundation ($92k) and Friendship Foundation Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.