Public Markets Inc

Analysis

Public Markets Inc is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in August 2009, 17 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, Public Markets Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Public Markets Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include The Community Partnership ($1.4m), Diamond Diva Empowerment Foundation ($1.4m) and Unidos Por LA Musica ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $247k (20% of expenses). At year end it held assets of $1.3m against liabilities of $31k, net assets of $1.3m. It reported 27 employees.