Edenton Farmers Market

Analysis

Edenton Farmers Market is a registered charity in United States, based in Edenton, NC. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Edenton Farmers Market reported income of $62k and spending of $31k, leaving 50% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income fell from $89k to $62k (-31%), an average of -31% a year. The sharpest change came in the year to March 2024, when income dropped by 31%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Edenton Farmers Market sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Highlands County Ag-Venture Inc ($62k), Lights 4 Hope Inc ($62k) and Rochester Lions Club Charities Inc ($62k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 196% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.