Farmers Market Federation of New York

Analysis

Farmers Market Federation of New York is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 2000, 26 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 June 2024, Farmers Market Federation of New York reported income of $816k and spending of $360k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $393k to $816k (+108%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farmers Market Federation of New York sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Touch a Heart Inc ($816k), India House Inc ($816k) and New Hope Transition Center Inc ($816k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $112k (31% of expenses). Other salaries and wages came to $58k. At year end it held assets of $3.1m against liabilities of $818k, net assets of $2.3m. It reported 4 employees.