Amber Waves Farm Inc

Analysis

Amber Waves Farm Inc is a registered charity in United States, based in Amagansett, NY. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2023, Amber Waves Farm Inc reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.9m (+203%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 96%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amber Waves Farm Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Alexandra House Inc ($3.9m), Neighborhood Recovery Community Development Corporation ($3.9m) and Ridge Area Arc Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 17% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $1.5m against liabilities of $465k, net assets of $994k. It reported 120 employees.