Forsyth Farmers Market Inc

Analysis

Forsyth Farmers Market Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in August 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 September 2023, Forsyth Farmers Market Inc reported income of $924k and spending of $1.0m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $331k to $924k (+179%), an average of +29% a year. The sharpest change came in the year to September 2022, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forsyth Farmers Market Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Rob & Simons Hawthorne House ($924k), Family Counseling Services of Northern Illinois ($924k) and Society of St Vincent de Paul Northeast Ohio District Council in ($924k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $322k. At year end it held assets of $224k against liabilities of $60k, net assets of $164k. It reported 23 employees.