Friends of the Market Inc

Analysis

Friends of the Market Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 2006, 20 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, Friends of the Market Inc reported income of $86k and spending of $84k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $86k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Market Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AL. Charities of a similar size with the same main cause include Mordecai and Esther Foundation ($86k), Deaf International ($86k) and Saluda Pop-Up Pantry ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.