Michigan Farmers Market Association

Analysis

Michigan Farmers Market Association is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in June 2015, 11 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, Michigan Farmers Market Association reported income of $858k and spending of $860k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $858k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 23%. 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, Michigan Farmers Market Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Carepartners Adult Day Center Inc ($858k), Heart of Texas Foundation College of Ministry ($858k) and Grace House Pregnancy Resources Center Inc ($858k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $75k (8.8% of expenses). Other salaries and wages came to $327k. At year end it held assets of $687k against liabilities of $177k, net assets of $510k. It reported 12 employees.