Good Local Market Inc

Analysis

Good Local Market Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Local Market Inc reported income of $202k and spending of $233k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $202k (+173%), an average of +173% a year. The sharpest change came in the year to December 2023, when income rose by 173%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Local Market Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Faith in Action Caregivers Inc ($202k), Forest Township Area Senior Centerinc ($202k) and Geauga Bluecoats Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $59k (25% of expenses). At year end it held assets of $43k against liabilities of $202, net assets of $43k. It reported 2 employees.