Daves Marketplace Charitable Fund

Analysis

Daves Marketplace Charitable Fund is a registered charity in United States, based in E Greenwich, RI. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Daves Marketplace Charitable Fund reported income of $54k and spending of $57k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $54k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Daves Marketplace Charitable Fund sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within RI. Charities of a similar size with the same main cause include Community Service Foundation Trust ($54k), Beaver Club of Lafayette ($54k) and RBRC II Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.