Marketplace of Ideas-Marketplace for Kids Inc

Analysis

Marketplace of Ideas-Marketplace for Kids Inc is a registered charity in United States, based in Dickinson, ND. It received its IRS tax-exemption ruling in December 2001, 25 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 June 2024, Marketplace of Ideas-Marketplace for Kids Inc reported income of $253k and spending of $264k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $156k to $253k (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marketplace of Ideas-Marketplace for Kids Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ND. Charities of a similar size with the same main cause include Good Ole Boy Foundation Inc ($252k), Residence Living of Trumbull County Inc ($253k) and Marquette Manor Foundation ($252k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (23% of expenses). Other salaries and wages came to $62k. At year end it held assets of $71k against liabilities of $0, net assets of $71k. It reported 4 employees.