Maine Federation of Farmers Markets

Analysis

Maine Federation of Farmers Markets is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in May 2018, 8 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, Maine Federation of Farmers Markets reported income of $1.2m and spending of $1.0m, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $284k to $1.2m (+312%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maine Federation of Farmers Markets sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within ME. Charities of a similar size with the same main cause include YWCA of Watsonville ($1.2m), Jemfriends Inc ($1.2m) and Presa Community Service Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $81k (7.9% of expenses). Other salaries and wages came to $103k. At year end it held assets of $391k against liabilities of $185k, net assets of $205k. It reported 17 employees.