Grand Rapids Downtown Market Education Foundation

Analysis

Grand Rapids Downtown Market Education Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 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 (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, Grand Rapids Downtown Market Education Foundation reported income of $1.9m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $831k to $1.9m (+134%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Rapids Downtown Market Education Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Bright Minds Academy Inc ($1.9m), Every Neighborhood Partnership ($1.9m) and Providence Network ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 16% of the total. At year end it held assets of $1.2m against liabilities of $10k, net assets of $1.2m.