Waco Downtown Farmers Market

Analysis

Waco Downtown Farmers Market is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 2014, 12 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, Waco Downtown Farmers Market reported income of $248k and spending of $199k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $248k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waco Downtown Farmers Market sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Hands of Love Foundation Inc ($248k), Faith Food Pantry of Newtown Inc ($248k) and North Glendale Community Outreach Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 72% of the total. Other salaries and wages came to $68k. At year end it held assets of $149k against liabilities of $150, net assets of $148k. It reported 4 employees.