Schenectady Greenmarket Inc

Analysis

Schenectady Greenmarket Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in May 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schenectady Greenmarket Inc reported income of $193k and spending of $216k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $189k to $193k (+2.4%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Schenectady Greenmarket Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Pi Shop ($193k), Hands on Employment Services Inc ($193k) and Work2future Foundation ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $29k (13% of expenses). Other salaries and wages came to $68k. At year end it held assets of $53k against liabilities of $3,729, net assets of $50k. It reported 6 employees.