Mannas Market Inc

Analysis

Mannas Market Inc is a registered charity in United States, based in Lake Odessa, MI. It received its IRS tax-exemption ruling in May 2007, 19 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, Mannas Market Inc reported income of $212k and spending of $400k, spending 189% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $186k to $212k (+14%), an average of +2.6% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mannas Market Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Elmington Elevates Inc ($212k), Arms Wide Open Community Development Corporation ($212k) and Our Fathers House Inc ($212k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 1.4% of the total. At year end it held assets of $379k against liabilities of $0, net assets of $379k.