Mount Holly Farmers Market Inc

Analysis

Mount Holly Farmers Market Inc is a registered charity in United States, based in Mount Holly, NC. It received its IRS tax-exemption ruling in December 2014, 12 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, Mount Holly Farmers Market Inc reported income of $120k and spending of $85k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $120k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mount Holly Farmers Market Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Neighbor to Neighbor on Cedar Street ($120k), Pike Lamar Services Inc ($120k) and Casa of Cannon County Tennessee ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 46% of the total. At year end it held assets of $422k against liabilities of $0, net assets of $422k.