Malibu Agricultural Projects Cornucopia Farms

Analysis

Malibu Agricultural Projects Cornucopia Farms is a registered charity in United States, based in Malibu, CA. It received its IRS tax-exemption ruling in May 1999, 27 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 (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, Malibu Agricultural Projects Cornucopia Farms reported income of $213k and spending of $152k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $213k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Malibu Agricultural Projects Cornucopia Farms sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Think First of Ark-La-Tex Inc ($213k), Perry Adult Living Inc ($213k) and Cause for Pawz Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $15k (10% of expenses). Other salaries and wages came to $58k. At year end it held assets of $161k against liabilities of $14k, net assets of $147k. It reported 14 employees.