St Petersburg Saturday Morning Market Inc

Analysis

St Petersburg Saturday Morning Market Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in April 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Petersburg Saturday Morning Market Inc reported income of $323k and spending of $267k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $238k to $323k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, St Petersburg Saturday Morning Market Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Downtown de Pere Inc ($323k), Junior League of Miami Inc ($323k) and Anacostia Trails Heritage Area Inc ($323k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 87% of the total. Other salaries and wages came to $90k. At year end it held assets of $355k against liabilities of -$1,697, net assets of $357k. It reported 7 employees.