Midland Downtown Farmers Market Inc

Analysis

Midland Downtown Farmers Market Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in February 2013, 13 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, Midland Downtown Farmers Market Inc reported income of $72k and spending of $71k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $72k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midland Downtown Farmers Market Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Warriors Community Empowerment Project ($72k), Tlc-Steuben ($72k) and Beyond the Hoop Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $37k (52% of expenses). At year end it held assets of $63k against liabilities of $0, net assets of $63k.