Quarry Farm Foundation Inc

Analysis

Quarry Farm Foundation Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in March 2022, 4 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, Quarry Farm Foundation Inc reported income of $353k and spending of $252k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $427k to $353k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quarry Farm Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Baseballtown Charities ($353k), The Better Life Foundation Inc ($353k) and United Way of Oxford-Lafayette County Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $547k against liabilities of $8,500, net assets of $539k.