Antfarm Inc

Analysis

Antfarm Inc is a registered charity in United States, based in Sandy, OR. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Antfarm Inc reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $702k to $5.8m (+725%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 504%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Antfarm Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OR. Charities of a similar size with the same main cause include Dynamic Youth Community Inc ($5.8m), Catholic Community Services Inc ($5.8m) and Nonprofit Enterprise and Self-Sustainability Team Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $100k (1.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.7m against liabilities of $740k, net assets of $2.0m. It reported 333 employees.