Freight House Farmers Market Inc

Analysis

Freight House Farmers Market Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in April 2013, 13 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, Freight House Farmers Market Inc reported income of $297k and spending of $272k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $305k to $297k (-2.8%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. 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, Freight House Farmers Market Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Nevada Agricultural Foundation ($297k), The Hive Recovery Hub Inc ($297k) and A New Beginning for You Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $109k. At year end it held assets of $145k against liabilities of $1,403, net assets of $143k. It reported 5 employees.