Westport Farmers Market Inc

Analysis

Westport Farmers Market Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in September 2011, 15 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, Westport Farmers Market Inc reported income of $198k and spending of $178k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $198k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westport Farmers Market Inc sits at the 48th 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 51st percentile within CT. Charities of a similar size with the same main cause include Operation Hope Inc ($198k), Fundacion LA Misericordia Mercy Foundation Inc ($198k) and Greendale Lions Foundation ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $67k. At year end it held assets of $230k against liabilities of $1,743, net assets of $228k. It reported 1 employees.