Owego Marketplace Inc

Analysis

Owego Marketplace Inc is a registered charity in United States, based in Owego, NY. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, 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, Owego Marketplace Inc reported income of $116k and spending of $111k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $116k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Owego Marketplace Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Floor Covering Industry Joint Apprntcshp & Jrnymn Training Fund ($116k), North Mississippi Enterprise Inc ($116k) and Unity in the Community ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.