Farmers Market Coalition

Analysis

Farmers Market Coalition is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2007, 19 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 May 2023, Farmers Market Coalition reported income of $939k and spending of $976k, spending 104% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $479k to $939k (+96%), an average of +25% a year. The sharpest change came in the year to May 2021, when income rose by 90%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Farmers Market Coalition sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Waco Community Development Corporation ($939k), Bradford County Action Inc ($940k) and Black Chamber of Commerce of Maryland ($939k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $73k (7.5% of expenses). Other salaries and wages came to $432k. At year end it held assets of $323k against liabilities of $174k, net assets of $148k. It reported 10 employees.