North Market Development Authority Inc

Analysis

North Market Development Authority Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, North Market Development Authority Inc reported income of $1.8m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Market Development Authority Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Southwest Florida Symphony Orchestra and Chorus Association I ($1.8m), Womens Earth and Climate Action Network ($1.9m) and Institute for Child Success Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $190k (11% of expenses). Other salaries and wages came to $199k. At year end it held assets of $3.4m against liabilities of $463k, net assets of $3.0m. It reported 12 employees.