Montclair Farmers Market a NJ Nonprofit Corporation

Analysis

Montclair Farmers Market a NJ Nonprofit Corporation is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in November 2022, 4 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, Montclair Farmers Market a NJ Nonprofit Corporation reported income of $58k and spending of $55k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $58k (-3.0%), an average of -3.0% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montclair Farmers Market a NJ Nonprofit Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Digital Arts for Autism Inc ($58k), Holy Manna Ministries ($58k) and Lovell Area Food Pantry Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.