Golden Prairie Honey Farms Corp

Analysis

Golden Prairie Honey Farms Corp is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Golden Prairie Honey Farms Corp reported income of $70k and spending of $123k, spending 176% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $275k to $70k (-75%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Golden Prairie Honey Farms Corp sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within KS. Charities of a similar size with the same main cause include Downtown Ventura Organization ($70k), Mount Holly Community Development Foundation Inc ($70k) and Bishop Rotary Foundation ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 115% of the total. At year end it held assets of $152k against liabilities of $1,943, net assets of $150k.