Marketumbrella Org

Analysis

Marketumbrella Org is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 2008, 18 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 December 2022, Marketumbrella Org reported income of $2.6m and spending of $1.6m, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $763k to $2.6m (+239%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marketumbrella Org sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Milwaukee Downtown Inc ($2.6m), Circle of Light Associates ($2.6m) and Advanced Outsource Solutions Inc ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $153k (9.4% of expenses). Other salaries and wages came to $381k. At year end it held assets of $2.3m against liabilities of $149k, net assets of $2.1m. It reported 22 employees.