Salem NH Farmers Market

Analysis

Salem NH Farmers Market is a registered charity in United States, based in Salem, NH. It received its IRS tax-exemption ruling in October 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, Salem NH Farmers Market reported income of $190k and spending of $145k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $190k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. 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, Salem NH Farmers Market sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within NH. Charities of a similar size with the same main cause include Hanover Township Foundation ($190k), Reach Out & Care Wheels Inc ($190k) and Darfur Women Action Group ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 18% of the total. At year end it held assets of $179k against liabilities of $11k, net assets of $167k.