Sequim Open Aire Market

Analysis

Sequim Open Aire Market is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in July 2019, 7 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 October 2023, Sequim Open Aire Market reported income of $88k and spending of $107k, spending 122% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income grew from $87k to $88k (+1.2%), an average of +1.2% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sequim Open Aire Market sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Real Food CT Inc ($88k), Dont Stop Dreamin ($88k) and Lawton Heights Group Home ($88k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 15% and program service revenue 78% of the total. At year end it held assets of $59k against liabilities of $739, net assets of $59k.