Friends of the Farmers Market

Analysis

Friends of the Farmers Market is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in May 2009, 17 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, Friends of the Farmers Market reported income of $134k and spending of $116k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $134k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Farmers Market sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Local 47 Ibew Injured Workers Relief Fund ($134k), Rotary Club of Lake Houston Foundation Inc ($134k) and Seven Pearls Foundation Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. At year end it held assets of $127k against liabilities of $539, net assets of $127k.